IDFC up on banking buzz
By
Research Desk
about 11 years ago
The top gainers on the BSE are those companies aspiring to get the banking license as the deadline to submit the applications looms large. Bajaj Finserv leads the pack, followed by IDFC, which is the second top gainer. The stock is up 3% at Rs.147.70, its current intra day high.
The stock is up after it announced yesterday that its Board has approved seeking license for banking. The company, over the past few months has been working on getting all the papers and formalities ready to meet the banking license norms. It has also engaged the services of a panel of advisors with expertise in tax, structuring and business.