IDFC First Bank Limited
IDFCFIRSTB.NS
₹86.74
▲ 0.86%
IDFC First Bank added another 0.86% to close at ₹86.74, extending a run that's been fueled by both strong fundamentals and a landmark cross-border banking move. The private lender mobilised a gross $3.57 billion from NRI customers under the RBI's FCNR(B) swap window, with its IFSC Banking Unit facilitating close to $2.60 billion in lending — a chunk that now makes up 11% of the bank's total deposit base as of end-June. That's coming on top of a solid Q1FY27 print, where net profit surged to ₹1,075 crore, gross NPA improved to 1.51%, and CASA deposits grew a healthy 24.6% year-on-year to ₹1.58 lakh crore. UBS has upgraded its rating on the stock citing an improving earnings outlook, though Goldman Sachs remains more cautious with a Neutral call and a ₹92 target. The broader analyst community is still largely bullish, with an average target of ₹89.29 across 21 analysts, and the stock has delivered a strong 19.33% one-year CAGR.
CAGR Performance
| 1 Year | 2 Years | 5 Years | 10 Years |
|---|---|---|---|
| 19.47% | 9.38% | 13.10% | 3.24% |
Analyst Consensus
Average Target Price: ₹89.29 (range ₹62.00 - ₹115.00) based on 21 analysts
Strong Buy: 7
Buy: 7
Hold: 7
Sell: 1
Strong Sell: 0
No comments:
Post a Comment