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Shares of IDBI Bank gained 2.5 percent to Rs 63 on November 30 as the government has once again sent invitation for the appointment of an asset valuer. This is the second time the government has attempted to appoint a valuer after the previous one received a poor response.
So far this year, the stock of this state-owned lender has surged over 15 percent as against a 9 percent rise in the benchmark Sensex.
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