Why IDBI Bank stock has gained more than 16% in two days

At 10:51 am, the stock was trading 6.58% or 3.50 points higher at 56.70 on BSE. On
Tuesday, the stock rose 9.02 per cent to close at Rs 53.20 on BSE.
Intra-day, it jumped 14.34 per cent to Rs 55.80 on Tuesday when reports
about the open offer poured in. On NSE, shares of the company zoomed
9.32 per cent to end at Rs 53.35.

Read more: https://www.businesstoday.in/markets/com...

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