₹77.05▲0.2%
0.58%
Low
Day's Volatility:1.10%
High
0.52%
14.86%
Low
52 Weeks Volatility:45.55%
High
30.69%
Returns % | |
1 Month Return | -7.01 % |
3 Month Return | -7.18 % |
1 Year Return | + 14.09 % |
Market Stats | |
Previous Close | ₹₹76.90 |
Open | ₹₹77.00 |
Volume | ₹4.57Cr |
Upper Circuit | ₹- |
Lower Circuit | ₹- |
Market Cap | ₹₹54,377.98Cr |
based on 18 analysts
Based on 18 analysts offering long term price targets for IDFC First Bank Ltd. An average target of ₹89.83
Source: S&P Global Market Intelligence
Organisation | IDFC First Bank Ltd |
Headquarters | Mumbai |
Industry | Banks |
E-voting on shares | Click here to vote |
Key events for IDFC First Bank Ltd
IDFC First Bank reports a decline in net profit but growth in NII and reduction in NPAs for Q4FY24. Shareholders earned a 13% CAGR over the last five years.
Private Banks Report NIM Decline in Q4 - 02 May, 2024
HDFC Bank, ICICI Bank, Yes Bank, IDFC Bank and RBL Bank have reported a decline in net interest margin (NIM) in the fourth quarter. The compression is driven by increased deposit rates and slight asset quality decline.
ICICI Direct Analysts Recommend Buying IDFC First Bank Ltd - 01 May, 2024
IDFC First Bank Ltd has been consolidating within the range of ₹74 to ₹85 over the past three months and is likely to see further momentum due to short covering. ICICI Direct analysts recommend buying at ₹ 85.4-85.8 with a target of ₹ 91 and a stop loss of ₹ 82.9.
IDFC First Bank Launches Sapphiro & Announces Credit Card Adjustments - 30 Apr, 2024
IDFC First Bank launches Sapphiro, a digital payment solution, in partnership with FIRST WINGS. Axis Securities recommends buying the stock with a target price of Rs 104. The bank announces credit card adjustments for utility bill payments.
IDFC First Bank Reports In-Line PAT in Q4FY24 - 29 Apr, 2024
IDFC First Bank reports in-line PAT of INR7.2b in 4QFY24, with estimated 30% earnings CAGR over FY24-26. CEO states bank may issue capital call in FY25 to raise capital. Shares drop nearly 6% after reporting 10% YoY decline in Q4FY24 net profit.
IDFC First Bank Reports Lower Net Profit Despite Improved Asset Quality - 28 Apr, 2024
IDFC First Bank reported a dip in Q4FY24 net profit by 9.8% YoY to Rs 724 crore due to higher provisions for bad loans. However, the bank saw an improvement in asset quality with GNPA and NNPA ratio moderating. The bank also reported a rise in NII and deposit growth outpacing credit growth.
IDFC First Bank's Q4 Profit Declines - 27 Apr, 2024
IDFC First Bank's Q4 FY24 net profit declined by 10% YoY due to a substantial rise in provisions. However, the bank reported a growth of 24% YoY in its Net Interest Income (NII). Gross NPAs fell to 1.88% from 2.51%, while net NPAs dropped to 0.60% from 0.86%. The capital adequacy ratio of the bank declined to 16.11% from 16.82%.
IDFC First Bank to Impose Surcharge on Utility Bill Payments - 26 Apr, 2024
IDFC First Bank will impose a 1% + GST surcharge on credit card payments for utility bills exceeding Rs 20,000. The FIRST Private Credit Card, LIC Classic Credit Card, and LIC Select Credit Card are exempt from the surcharge.
IDFC First Bank Predicts Lower Input Cost May Dampen GDP Growth - 25 Apr, 2024
IDFC First Bank's economist predicts that the support to companies' profit growth from lower input costs will wane and dampen GDP growth in FY25. Additionally, IDFC First Bank is set to post their results this week.
IDFC First Bank Stock Down Amidst Extra Charges Announcement - 19 Apr, 2024
IDFC First Bank's stock is down by 1.15% on the NSE as it announces an additional charge for credit card payments exceeding Rs 20,000 towards utility bills starting May 1, 2024.
IDFC First Bank Expects RBI to Defer Rate Easing Call - 18 Apr, 2024
IDFC First Bank expects the Reserve Bank of India (RBI) to defer its rate easing call, possibly until Q4 2024 due to a delay by the US Federal Reserve in reducing rates and strong economic growth. Escalated tensions in West Asia could also add to inflation risks.
Jefferies Maintains Buy Rating on IDFC First Bank - 16 Apr, 2024
Jefferies maintains its buy rating on IDFC First Bank with a target price of Rs 100 per share. The bank's deposit franchise, tech platform, and distribution have been well-received, and margin expansion and return on equity (ROE) improvement are seen as positive factors.
IDFC First Bank Receives Buy Rating from Jefferies - 15 Apr, 2024
IDFC First Bank receives a buy rating from Jefferies with a target price of Rs 100 per share, while reporting an 18% rise in net profit for Q3 FY24.
IDFC First Bank and LIC Housing Finance Fined by RBI - 14 Apr, 2024
The Reserve Bank of India has imposed a penalty of Rs1.49 crore on IDFC First Bank and LIC Housing Finance for violating various rules and regulations prescribed by the regulator. The highest penalty of Rs1 crore lakh has been imposed on IDFC First Bank for non-compliance with directions issued by RBI on loans and advances – statutory and other restrictions.
IDFC First Bank Ltd shows strong momentum - 13 Apr, 2024
IDFC First Bank Ltd's stock has broken above its trendline resistance mark of 84 and closed above it. With RSI (14) on daily charts around 63.95, the overall momentum looks strong. Good volume pickup is also a positive sign for the stock, with targets of 90 and above expected. A strict stop loss at 81.50 should be kept.
Jefferies India Begins Coverage on IDFC First Bank with Buy Rating - 12 Apr, 2024
Jefferies India has initiated coverage on IDFC First Bank with a buy rating and raised its target to Rs 100 per share, anticipating strong deposit growth and healthy credit growth led by retail, rural, and SME loans. Credit costs are expected to rise due to normalization of the credit cycle, but these factors could support a 28% EPS CAGR, along with an expansion in ROA and ROE.
IDFC First Bank's EPS Soars by 30% in Last Year - 11 Apr, 2024
IDFC First Bank has seen a significant growth in earnings per share (EPS) over the last year, with an impressive gain of 30%. The company also reported revenue growth for the period of 30% to ₹183b, indicating sustainable growth and maintaining a competitive advantage. EBIT margins remained fairly unchanged.
IDFC First Bank Receives Buy Rating from Jefferies - 10 Apr, 2024
Jefferies has initiated coverage on IDFC First Bank with a buy rating and a target price of ₹100, citing strong earnings growth and improvement in profitability that should drive a rerating. Shares have climbed amid optimism over deposit franchises and expected operational efficiencies.
IDFC First Bank Receives RBI Penalty; Jefferies Initiates Coverage with Buy Rating - 08 Apr, 2024
IDFC First Bank receives an RBI-imposed monetary penalty of Rs 1 crore for non-compliance of certain regulatory measures. Jefferies initiates coverage with a buy rating and a target price of Rs 100, citing operational efficiencies that will lead to a re-rating of the stock. The bank's stock rises for a third straight session.
Fundamentals of IDFC First Bank Ltd
Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.
Retail Holding Up
Retail Investor have increased holdings from 27.89% to 28.39% in Mar 2024 quarter
Revenue Rich
Revenue is up for the last 11 quarters, 4.83K Cr → 9.86K Cr (in ₹), with an average increase of 6.9% per quarter
Against Peers
In the last 1 year, State Bank of India has given 39.9% return, outperforming this stock by 25.8%
Against Peers
In the last 3 years, State Bank of India has given 114.1% return, outperforming this stock by 76.3%
Price Dip
In the last 1 month, IDFCFIRSTB stock has moved down by -7.0%
Profit Down
Netprofit is down for the last 3 quarters, 746.85 Cr → 731.9 Cr (in ₹), with an average decrease of 1.0% per quarter
FII Holding Down
Foreign Institutions have decreased holdings from 22.05% to 21.40% in Mar 2024 quarter
Promoter Holding Down
Promoters have decreased holdings from 37.45% to 37.43% in Mar 2024 quarter
MF Holding Down
Mutual Funds have decreased holdings from 3.40% to 2.67% in Mar 2024 quarter
IDFC First Bank Ltd in the last 5 years
Lowest (-415.00x)
January 13, 2022
Today (17.88x)
May 15, 2024
Industry (20.61x)
May 15, 2024
Highest (207.86x)
April 4, 2022
Investors | Holdings % | Prev. 1 periods | 3M change |
---|---|---|---|
Promoter Holdings | 37.43% | 0.00 | |
Foreign Institutions | 21.4% | 0.00 | |
Mutual Funds | 2.67% | 0.00 | |
Retail Investors | 28.39% | 0.00 | |
Others | 10.11% | 0.00 |
Technicals of IDFC First Bank Ltd share
News & Events of IDFC First Bank Ltd
IDFC First Bank Ltd Blogs
IDFC First Bank Ltd (IDFCFIRSTB) share price today is ₹77.05
IDFC First Bank Ltd is listed on NSE
IDFC First Bank Ltd is listed on BSE
PE Ratio of IDFC First Bank Ltd is 17.88
PE ratio = IDFC First Bank Ltd Market price per share / IDFC First Bank Ltd Earnings per share
Today’s traded volume of IDFC First Bank Ltd(IDFCFIRSTB) is 4.57Cr.
Today’s market capitalisation of IDFC First Bank Ltd(IDFCFIRSTB) is ₹54377.98Cr.
IDFC First Bank Ltd(IDFCFIRSTB | Price |
---|---|
52 Week High | ₹100.7 |
52 Week Low | ₹65.6 |
IDFC First Bank Ltd(IDFCFIRSTB) share price is ₹77.05. It is down -23.49% from its 52 Week High price of ₹100.7
IDFC First Bank Ltd(IDFCFIRSTB) share price is ₹77.05. It is up 17.45% from its 52 Week Low price of ₹65.6
IDFC First Bank Ltd(IDFCFIRSTB | Returns |
---|---|
1 Day Returns | 0.15% |
1 Month Returns | -7.01% |
3 Month Returns | -7.18% |
1 Year Returns | 14.09% |