Buy IDBI Shares @ RS. 40-42 and Sell It at RS. 50-52/share

 Buy IDBI Shares @ Rs. 40-42 And Sure It Will Reach Rs. 50 - 52 Per Share

Date: August 27, 2020.

IDBI is considered to be one of the best banks now. It has very good clients whose credit score is above 700 +. That means 90% of the clients are good, when compared to other Government banks like SBI, Union Bank, Canara Bank, Bank of India, etc. 

It post as very good profit of Rs. 144 Crore, which is considered to be very good. 

Last year the net loss was Rs. 3,801 Crore as compared to June Quarter, which within a year has turned out to be very profitable. 

Total provisions has declined by Rs. 888 Crore, which means a decline of 86%, a considerable step taken by Bank Management. 

-----------------------------------------------------------------------------------------------------------

For Getting Best Stocks For Investment/Trading/Short Term & Long Term

Contact : Demuxs International

Person to Contact: Prof Subin

Investor and Analyst

Contact No: 7000188030

Email Id: greatsubin2018@gmail.com

-----------------------------------------------------------------------------------------------------------

For fighting COVID -19, it has provided a fund of Rs. 189 Crore.

Recovery of Debts is considered to be Rs. 528 Crore and will be reaching Rs. 1000 Crore in this Quarter, sept 2020. 

Moratorium has been reduced to 10%, which will be easily reduced to another 15% in this Quarter. 

The Net Income has grown to Rs. 1773 Crore, which a gain of 22%, another good sign to the Banking Sector. 

NEt Interest Margin has grown to 68 Basic Points, another good sign for the Bank.

Current Account Saving Account has improved to 47%, this Quarter. 

Net performing assets has gone down by 26%, which means Bank in the next year will be running on Zero debt. 

Price is now above Short, Medium and Long term Moving Average. 

This is the better time to Buy, but sell it before the next Quarter results comes.