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IDBI Bank eyes breakout as Q1 results may trigger new high
short by / on Monday, 21 July, 2025
IDBI Bank is nearing its all-time high of ₹105.48 after forming a rounded bottom pattern. Analyst Rohit Mehta sees Q1FY26 results as a key trigger for a fresh rally. Despite a 0.9% dip to ₹97.54, the stock has gained 27% YTD. While profit before tax rose 42.9% last quarter, interest income showed pressure. Risks include low interest cover and high contingent liabilities.
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