IDBI Bank Ltd. Surges with 7.46 Million Shares Traded Today

IDBI Bank Ltd. has emerged as one of the most active equities today, with a total traded volume of 7,463,554 shares and a total traded value of approximately Rs 76.94 crores. The stock opened at Rs 101.50 and reached a day high of Rs 104.20, reflecting a notable intraday performance. Currently, IDBI Bank's last traded price stands at Rs 104.14, which is just 3.61% away from its 52-week high of Rs 106.97.
In terms of performance, IDBI Bank has outperformed its sector by 0.8%, with a one-day return of 2.71%, compared to the sector's return of 1.37% and the Sensex's return of 0.24%. The stock has shown consistent gains over the past two days, accumulating a total return of 5.11% during this period. Additionally, IDBI Bank is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

Investor participation has also increased, with a delivery volume of 5.186 million shares on November 14, marking a 34.09% rise against the 5-day average. The liquidity of the stock remains robust, accommodating trade sizes of Rs 2.11 crores based on 2% of the 5-day average traded value. Overall, IDBI Bank's performance today reflects a positive trend within the mid-cap private sector banking industry.