XTRAS: IDBI Bank Ltd became the fifth most valued private lender of India in 2020.

Technical Analysis
• We can see immediate support at 43.80 and if this support breaks, then we can next support at a level of 36.48.
• Share can take resistance at the level of 55.35 and if the share breaks this resistance next resistance can be seen at the level of 62.
• In last month we have seen good amount of volume in the share.
• RSI is at level of 30.74 so this can be termed as a good opportunity to enter in the share as we can also see uptrend in the share.

Analyst view
• After the much-needed capital infusion by GOI, IDBI's EPS are back to positive numbers. Revenues are slowly getting back to pre-covid level but still quarterly revenues are disappointing.
• Its Compounded growth for the last 3 years is 29% but ROE of -26% for the same time period is big setback.
• Expenses have fallen by 48.1% in FY21 boosting the PAT by 110% to 1359 from the level of (-12,887) crores.
• Investments of the company have fallen by 12% in last 2 financial years.