IDFC twins gain

The stock of IDFC Ltd and IDFC Bank were witnessing an upward momentum on the bourses during Friday’s trade. The stock of IDFC Limited soared over 6%, whereas IDFC Bank advanced over 4%.

According to a leading business daily, Singapore-based Sembcorp Industries will acquire a 28% stake in its Indian unit, Sembcorp Green Infra (SGI), from private equity firm IDFC Alternatives for Rs 1,410.2 crore (USD 220 million).

IDFC Limited was trading at Rs 57.60 per share, up by Rs 3.10 or 5.69% as at 1251 hours on Friday, on the BSE. The stock witnessed a spurt in volume by more than 1.62 times. It attracted a traded volume of 83,28,347 shares and traded value of Rs 4,742.16 lakh on the NSE.
 
IDFC Bank was trading at Rs 57.55 per share, up by Rs 2.55 or 4.64%. The stock witnessed a spurt in volume by more than 1.28 times and hit an intraday high and low of Rs 57.65 and Rs 55.05, respectively.

IDFC Bank attracted a traded volume of 1,09,58,969 shares and traded value of Rs 6,219.21 lakh on the NSE. The bank had hit its 52-week high of Rs 83.40 on September 29, 2016, and 52-week low of Rs 52.55 on August 11, 2017, on the NSE.


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