IDBI Bank has hit a new 52-week high today at Rs.93.85 and the third straight session of consistent gains.

The stock is up on unconfirmed news report that the Govt is talking to International Finance Corp (IFC), the World Bank arm, to sell 15% stake in the bank.

The Exchanges have sought clarification from the Bank on this news and word is awaited from the management on the same. Till then, the stock seems firmly on the green track ahead.