IDBI Bank fell 1.16% to Rs 64.05 at 11:21 IST on BSE after global ratings firm Standard & Poor's downgraded its rating on the bank to below investment grade citing expectations for weaker asset quality.
Meanwhile, the BSE Sensex was down 83.08 points, or 0.40%, to 20,522.
On BSE, 66,000 shares were traded in the counter compared with average volume of 3.54 lakh shares in the past one quarter.
Trading was quite volatile in the counter. The stock fell 0.23% at the day's a high of Rs 64.65 so far during the day. It fell 1.77% at the day's low of Rs 63.65 so far during the day.
The stock hit a 52-week high of Rs 118.20 on 9 January 2013. The stock hit a 52-week low of Rs 52.30 on 4 September 2013.
Source: business-standard.com/
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