This bank has given investors 12% gains in just 2 days; did you invest? if you did, you have become richer
In back to back two days the company soared by nearly 12% on the stock exchange. But did you know that, if you had invested in this bank when it was at massive lows, you would have been much, much richer and that too in just the last two days?
Even as the stock market is in a very volatile situation and the same has been continuing for weeks, there are some stocks that are churning out massive returns for investors, leaving them that much richer. IDFC Bank share price again jumped by 9.22% on the stock exchange on Thursday.
The share price of IDFC Bank ended at Rs 39.10 per piece up by 7.71% on Sensex. Growth in the share price is noticed since the company had announced on Tuesday, about its course of action in the deal with Capital First.
In back to back two days the company soared by nearly 12% on the stock exchange. But did you know that, if you had invested in this bank when it was at massive lows, you would have been much, much richer and that too in just the last two days?
If the investors would have bought the share of the Bank in its all-time low which was Rs 32.70 per piece on October 09, 2018, then today they would have gained a whopping near 22% returns on your investment which is a massive gain for a shareholder.
On November 20, IDFC Bank stated that it has filed a Petition with the National Company Law Tribunal, Chennai Bench ('Hon'ble NCLT') on September 17, 2018, for sanction of the Scheme of Amalgamation.
This merger detail includes Capital First Limited and Capital First Home Finance Limited and Capital First Securities Limited merging with IDFC Bank Limited and their respective shareholders and creditors under Sections 230 to 232 of the Companies Act, 2013.
Watch Zee Business Tweet video here:
IDFC Bank said, “We would like to inform you that the Petition is fixed for final hearing on Wednesday, December 5, 2018, before the Hon'ble Tribunal at 10.30 a.m. or soon thereafter.”
Hence, by the first week of December month, investors will have a clear view of IDFC Bank and Capital First deal.
Something which boosted investors faith in this bank as the deal looks set to become a reality soon. This move makes the investors believe in the companies future.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.