IDBI Bank Share Price in 1998: Chart, Monthly Trends, & Analysis
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How did IDBI Bank shares perform in 1998?
Let's find out!
IDBI Bank share price in 1998 was ₹22.78 Its price on 1st January 1998 was ₹58.12, and by 31st December 1998 it moved to ₹22.78, giving a negative return of -60.81% for the year.
IDBI Bank Share Open, High, Low, and Close prices for the Year 1998 are as follows:
| Open | High | Low | Close |
|---|---|---|---|
| ₹58.12 | ₹75 | ₹20.53 | ₹22.78 |
| 1st Jan 1998 | Occured in Apr 1998 | Occured in Dec 1998 | 31st Dec 1998 |
This page will help you understand how IDBI Bank performed in 1998. Let's get started.
For complete insights into IDBI Bank’s incredible stock price performance and growth, see: IDBI Bank Historical Share Price Data from its IPO to 2024
Table: IDBI Bank Share Monthly Close, Low, High Prices for 1998
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| Month | IDBI Bank | Change% | ↑High - ↓Low |
|---|---|---|---|
| Jan | ₹49.81 | - | ↑ ₹59.22 ↓ ₹46.72 |
| Feb | ₹53.09 | 6.5% | ↑ ₹53.75 ↓ ₹47.31 |
| Mar | ₹53.47 | 0.7% | ↑ ₹58.75 ↓ ₹51.25 |
| Apr | ₹63.62 | 18.9% | ↑ ₹75 ↓ ₹53.47 |
| May | ₹47.12 | -26% | ↑ ₹66.19 ↓ ₹45.62 |
| Jun | ₹40.44 | -14.2% | ↑ ₹51.25 ↓ ₹35.75 |
| Jul | ₹37.09 | -8.3% | ↑ ₹43.12 ↓ ₹36.25 |
| Aug | ₹34.38 | -7.4% | ↑ ₹37.61 ↓ ₹32.97 |
| Sep | ₹31.06 | -9.7% | ↑ ₹35.47 ↓ ₹30 |
| Oct | ₹24 | -22.8% | ↑ ₹31.25 ↓ ₹22.41 |
| Nov | ₹22.5 | -6.3% | ↑ ₹28.34 ↓ ₹21.56 |
| Dec | ₹22.78 | 1.2% | ↑ ₹24.44 ↓ ₹20.53 |
Chart: CandleStick and Line Chart Showing Monthly Prices
[Click on line name to show/hide a line]
What if You invested ₹10,000 in IDBI Bank in 1998?
In 1998, the opening price of IDBI Bank share was ₹58.12. Today, the price stands at ₹77.06, reflecting a growth of 32.58%. If we applying the same growth to your investment of ₹10,000 then, your investment of ₹10,000 in 1998 would have become ₹13,258.77 by 2024. This represents a CAGR of 1.09%.
You might also like to check: IDBI Bank Stock Price in 1997 or IDBI Bank Stock Price in 1999
References:
Stock prices on stockpricearchive.com are gathered from reliable sources only. We take prices from stock exchanges only, majorly from BSE and NSE.
Disclaimer: Information is provided ‘as is’ and solely for informational purposes, not for trading purposes or advice.
