India's IDBI Bank climbs on $12 mln income tax refund

IDBI Bank

10/06/2024 05:49

** Shares of India's IDBI Bank  IDBI.NS  rise as much as
5.2% to 90 rupees
    ** Bank on Friday said it received income tax refund of
27.02 bln rupees (nearly $12 mln)
    ** Stock set to gain for a fourth consecutive session if
trend holds
    ** Stock extends YTD gains to ~30%, compared to ~14.5% rise
in small-cap index  .NIFSMCP100  - LSEG data


($1 = 83.4900 Indian rupees)

 (Reporting by Yagnoseni Das in Bengaluru)
 ((Yagnoseni.Das@thomsonreuters.com;))