IDFC First Bank Ltd. Sees 11.37 Million Shares Traded, Ranking Among Top Volume Leaders Today

IDFC First Bank Ltd. has emerged as one of the most active equities today, with a total traded volume of 11,366,322 shares and a total traded value of approximately Rs 83.37 crore. The stock opened at Rs 72.75 and reached a day high of Rs 74.20, reflecting a 3.23% increase during the trading session. Currently, the last traded price stands at Rs 73.66, marking a 2.01% gain over the past two days. In terms of performance, IDFC First Bank has outperformed its sector by 1.54%, showcasing a solid day return of 2.48%, compared to the sector's 0.16% and the Sensex's 0.50%. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its price action. However, it is noteworthy that investor participation has seen a decline, with delivery volume on October 17 falling by 14.32% against the 5-day average. Despite this, the stock remains liquid enough for a trade size of Rs 3.65 crore, based on 2% of the 5-day average traded value. Overall, IDFC First Bank's performance today reflects a robust activity level in the mid-cap private sector banking space.