India homecoming: The Hyderabad-born man behind Fairfax, the Canadian powerhouse that has bought IDBI
IDBI Bank set out an expansion.
· LiveMint Companies
Prem Watsa, who moved from Hyderabad to Canada at 22 with $8, built Fairfax Financial into a global insurance and investment group. Now valued at around $100 billion in assets, Fairfax is expanding its India presence through the acquisition of IDBI Bank.
The analysis
Against that, the stock is +0.4% on the day at ₹80.32, and has returned -4.4% over three months. It sits 31% below its 52-week high, which means a good deal of bad news was already in the price. The banks sector has moved -6.0% over the same period, so IDBI Bank is running 1.6 points ahead of its peers.
For IDBI Bank, the question is how much of this is already reflected in the price and how much re-rates the banks peer set alongside it.
Market context
- In focus: IDBI Bank (IDBI), in Banks.
- Over three months: IDBI Bank -4.4% against Banks -6.0% (1.6 points ahead).
- At least 25% below the 52-week high: IDBI Bank (31%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| IDBI BankIDBI · Banks | ₹80.32 | +0.4% | -2.3% | -4.4% | -30.8% | 0.5× | — |
Banks
1M -3.4% · 3M -6.0%
IDBI Bank
Financial Services
1M -8.8% · 3M -14.9%
Insurance
1M -5.4% · 3M -13.4%
Prices as of 30 Oct 2026, 16:10 IST. Sector moves are the average of the stocks we track in each sector.
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