IDFC is top gainer
By
Research Desk
about 9 years ago
IDFC Ltd has been holding on to the position of the top gainer on the BSE since morning. It surged up 19% to its intra day high of Rs.49.75 and even now it is up over 12%. Over 26,000 shares have changed hands since morning.
The stock has held on to the top gainer spot as a reaction to RBI’s draft guidelines published yesterday for on-tap banking licenses. IDFC could be a major beneficiary of this new norm wherein the suggestion is to do away with the need for bank holding company structure. The speculation on the Street is that IDFC could eventually merge with IDFC Bank.