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06 Jun 2025 |
IDFC First Bank
|
Consensus Share Price Target
|
66.80 |
71.11 |
- |
6.45 |
buy
|
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21 May 2024
|
IDFC First Bank
|
ICICI Securities Limited
|
66.80
|
95.00
|
77.45
(-13.75%)
|
|
Buy
|
|
|
We upgrade IDFC First Bank (IDFCFB) to BUY (from Hold) as we see the near-term (H1FY25) stagnation in the costincome ratio/rise in credit costs likely being outweighed by industry-leading deposits/loan/PAT growth.
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13 May 2024
|
IDFC First Bank
|
Geojit BNP Paribas
|
66.80
|
86.00
|
77.15
(-13.42%)
|
|
Accumulate
|
|
|
|
|
29 Apr 2024
|
IDFC First Bank
|
Axis Direct
|
66.80
|
104.00
|
81.65
(-18.19%)
|
|
Buy
|
|
|
IDFCFB currently trades at 1.6x Sep'25E ABV and we value the stock at 2.0x Sep'25E ABV, to arrive at a target price of Rs 104/share. This TP implies an upside of 23% from CMP.
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28 Apr 2024
|
IDFC First Bank
|
Motilal Oswal
|
66.80
|
88.00
|
84.80
(-21.23%)
|
|
Neutral
|
|
|
IDFC First Bank (IDFCFB) reported broadly in-line PAT of INR7.2b (down10% YoY/up1.2% QoQ) in 4QFY24, amid elevated provisions and higher opex.
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|
28 Apr 2024
|
IDFC First Bank
|
ICICI Securities Limited
|
66.80
|
85.00
|
84.80
(-21.23%)
|
|
Hold
|
|
|
IDFC First Bank (IDFCFB) has reported in line Q4FY24 PAT of INR 7.2bn (up 1% QoQ and down 10% YoY) with improvement in slippage and gross NPA. NII growth remains strong at 24% YoY though elevated opex (up 29% YoY) led to an increase in cost to income (C/I) ratio YoY.
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|
19 Mar 2024
|
IDFC First Bank
|
Geojit BNP Paribas
|
66.80
|
84.00
|
76.65
(-12.85%)
|
Target met |
Hold
|
|
|
|
|
12 Mar 2024
|
IDFC First Bank
|
BOB Capital Markets Ltd.
|
66.80
|
96.00
|
79.50
(-15.97%)
|
|
Buy
|
|
|
Monthly Chartbook: India's growth continues to impress. IDFCBK: Ambitious growth outlook
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|
11 Mar 2024
|
IDFC First Bank
|
BOB Capital Markets Ltd.
|
66.80
|
96.00
|
80.80
(-17.33%)
|
|
Buy
|
|
|
Management targets credit/deposit CAGR of 20%/25% over FY24-FY29; NIM to stabilise at current mark with upward bias (6.4% in Q3FY24)
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|
25 Jan 2024
|
IDFC First Bank
|
BP Wealth
|
66.80
|
|
80.05
(-16.55%)
|
|
Results Update
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23 Jan 2024
|
IDFC First Bank
|
Keynote Capitals Ltd
|
66.80
|
99.50
|
81.80
(-18.34%)
|
|
Buy
|
|
|
Quarterly Update Q3FY24
|