ट्रेंडिंग न्यूज़

₹84 Share; Expert Said – Buy It; First Target ₹105; Second Target ₹121; Don’t Sell

Stock To Buy: Today, in this post we’ll discuss about IDFC First Bank latest news, fundamentals, potential growth areas, and all sorts of information regarding this company to gain a better understanding. We hope our analysis will provide you better insight about the company.

If you are thinking of placing bets in some low-priced quality shares, then you can focus on the shares of IDFC First Bank(NSE: IDFCFIRSTB).

According to the brokerage, this stock may rise. Global brokerage firm has made a ‘buy’ call on the bank’s shares.

Brokerage house has begun coverage of this stock, with a First Target ₹105; Second Target ₹121. This is over 15 percent lower than the current (April 10, 2019) last closing value of Rs84.71.

The Condition Of Shares

IDFC First Bank stock has risen by over 52 percent in the past year. 

There has been a 5 percent decline YTD, leading to negative returns in 3 out of 4 months so far this year. 

After a decrease to 7 percent during March the decline was 4 percent in February, and 5 percent in January 2024 the stock has risen by 12 percent through April. 

The price is currently lower than 16 percent from its record-setting peak of Rs100.74 which was set on September 5, 2023.

In the meantime, it has risen by 58 percent from its 52-week lowest of Rs53.35 on April 12, 2023.

What Is The Brokerage’s Opinion?

Brokerage firm is positive on IDFC First Bank. The brokerage has also listed three reasons for the rise in this stock.

First- Full Suite Banking and Best Deposit Franchise. 

Second – 28 percent CAGR is expected in deposits which will support 22 percent growth in loans and third – Earnings growth is expected from 2HFY25.

About IDFC First Bank Company

IDFC First Bank Limited (IFC) is an Indian-based banking firm. The company operates in four divisions: Retail Banking, Treasury, Corporate/Wholesale Banking, and Other Banking Business. 

The Treasury segment primarily comprises the investment portfolio of the Bank including money market borrowing, loans, investment operations, and the complete derivative and foreign exchange collection from the Bank. 

The Wholesale/Corporate Banking segment offers credit, non-fund facilities, and transaction services to corporation’s relationships that aren’t covered in Retail Banking and syndication.

This Retail Banking segment provides loans to customers of business or personal banking through branches and other delivery channels, subject to the nature, orientation, and type of the product, the granularity of the exposure, and the magnitude of the exposure. 

Other Banking Business is the Other Banking Business segment that includes revenues from the distribution of third-party products. The company operates around 809 branches as well as 925 automated ATMs (ATMs).

Fundamental Analysis of IDFC First Bank 

Market Cap ₹ 59,846 Cr.
Current Price ₹ 84.90
52-wk High ₹ 101
52-wk Low ₹53.4
Stock P/E 19.8
Book Value ₹ 39.1
Dividend 0.00 %
ROCE 6.59 %
ROE 10.6 %
Face Value ₹ 10.0
P/B Value 2.17
OPM 39.5 %
EPS ₹ 4.48
Debt ₹ 2,01,682 Cr.
Debt to Equity 7.80

IDFC First Bank Share Price Target 2024 To 2030

Year 1st Target 2nd Target
2024 ₹90 ₹132
2025 ₹135 ₹176
2026 ₹155 ₹195
2027 ₹200 ₹245
2028 ₹209 ₹300
2029 ₹288 ₹344
2030 ₹345 ₹387

IDFC First Bank Shareholding Pattern

Promoters Holding
Dec 2022 36.38%
Mar 2023 39.99%
June 2023 39.93%
Sept 2023 39.37%
Dec  2023 37.45%
FII Holding
Dec 2022 19.76%
Mar 2023 19.31%
June 2023 20.85%
Sept 2023 24.48%
Dec  2023 24.30%
DII Holding
Dec 2022 9.61%
Mar 2023 7.69%
June 2023 7.71%
Sept 2023 5.58%
Dec  2023 6.63%
Govt. Holding
Dec 2022 4.22%
Mar 2023 3.98%
June 2023 3.97%
Sept 2023 3.92%
Dec  2023 3.72%
Public Holding
Dec 2022 30.02%
Mar 2023 29.05%
June 2023 27.54%
Sept 2023 26.66%
Dec  2023 27.90%

IDFC First Bank Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019 ₹12,204 Cr
2020 ₹16,240 Cr
2021 ₹15,968 Cr
2022 ₹17,173 Cr
2023 ₹28,529 Cr

Last 5 Years’ Net Profit:

2019 ₹-1,908 Cr
2020 ₹-2,843 Cr
2021 ₹483 Cr
2022 ₹132 Cr
2023 ₹3,027 Cr

Last 10 Years’ Profit Growth:

10 Years:
5 Years: 23%
3 Years: 42%
Current Year: 50%

Last 10 years’ Return on Equity (ROE):

10 Years:
5 Years: -2%
3 Years: 5%
Last Year: 11%

Sales Growth Over 10 Years:

10 Years:
5 Years: 20%
3 Years: 12%
Current Year: 37%

Conclusion

This article is a complete guide about IDFC First Bank Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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Disclaimer: The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. We are here to provide timely updates about the stock market and financial products to help you make better investment choices.

careermotto

A self-motivated and hard-working individual, I am currently engaged in the field of digital marketing to pursue my passion of writing and strategising. I have been awarded an MSc in Marketing and Strategy with Distinction by the University of Warwick with a special focus in Mobile Marketing. On the other hand, I have earned my undergraduate degrees in Liberal Education and Business Administration from FLAME University with a specialisation in Marketing and Psychology.

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