While the bank is classified as private on paper, it still trades at heavily discounted public-sector multiples. But if the government pulls off its long-awaited divestment, a sharp re-rating could finally be unlocked.
IDBI Bank, though classified as a private entity, currently trades at valuation multiples typically seen in public-sector banks. Its stock is considered undervalued due to this discrepancy. A potential re-rating and significant value unlock are anticipated if the government…
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