Shares of South Indian Bank (SIB) and IDBI Bank surged up to 14 per cent, hitting their respective multi-year highs on the BSE in Wednesday’s intra-day trade after the banks reported strong earnings for the quarter ended December 2023 (Q3FY24). Shares of IDBI Bank hit over five-year high at Rs 86.97, as they surged 14 per cent on back of over two-fold jump in trading volumes. The stock of LIC-controlled bank quoted at its highest level since March 2018. Click here to follow our WhatsApp channel In past three days, the stock has zoomed 25 per cent after the bank on Saturday reported a 57 per cent year-on-year (YoY) growth in net profit to Rs 1,458 crore for Q3FY24, on lower…
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South Indian, IDBI Bank gain up to 14%; hit multi-yr highs post Q3 results
