Why did IDBI.BO stock drop today?

Shares fell after reports the government scrapped bids for a majority stake sale, sparking a sell-off and higher intraday volume. The news hit sentiment and drove the stock down **17.30%** on 17 Mar 2026.

What are key levels to watch for IDBI.BO stock?

Watch immediate support at the year low **INR 66.14** and resistance near **INR 88.22** (lower Bollinger band). A sustained close above **INR 95.22** would signal a return toward the 200-day average.

What is Meyka AI's view on IDBI.BO stock?

Meyka AI rates IDBI.BO **67.61/100 (Grade B, HOLD)**. The model projects a **yearly target INR 113.37**, implying **+48.69%**, but flags policy risk and volatile liquidity. Forecasts are not guarantees.

Are fundamentals supportive for IDBI.BO stock recovery?

Fundamentals show value: **PE 8.91**, **EPS INR 8.64**, and book value **INR 64.92**. Profitability metrics are improving, but cash flow ratios and policy risk need monitoring before a sustainable recovery.

IN Stocks

IDBI.BO (IDBI Bank, BSE) -17.30% intraday 17 Mar 2026: oversold, watch INR 66.14

ByHuzaifa Zahoor March 17, 2026March 17, 2026

IDBI.BO stock fell sharply in intraday trade on 17 Mar 2026, sliding 17.30% to INR 76.25 after the government abandoned a planned majority stake sale. This is a top-losers intraday move on the BSE and volume is elevated at 96,018 shares. Investors should note the immediate impact on sentiment and the possible technical bounce from the year low of INR 66.14.