On 13 March 2020, NIFTY and Sensex saw historical intraday recovery from days low. Share prices of two stocks IDEA and Indus Ind bank witnessed gain of 46.4% and 48 % from intraday low respectively.
Pune based private lender Indus Ind bank jumped more than 250 points from days low. Stock opens day at 724, dropped to reached 52 weeks low at 551.10. It recovered and closed the day at 807.3 with 2.89 % gain . Share prices recovered almost 46.4 percent from days low during volatile trading session. Private lender have market capitalisation of 55,98,831.28 lakh at close. It means bank added 25,97,857.71 lakh in its market capitalisation intraday.
IDEA shares also closed the day with gain of 35.71 % at 5.70. Idea shares had dropped to 3.85 during early hours of trading.IDEA shares saw gain of 48 percent from days low. Telecom stocks were trading higher over speculation of possible reliefs package for the sector from government.