41.95 -0.75 (-1.76%)
NSEJan 22, 2021 03:31 PM
The 1 reports from 1 analysts offering long term price targets for IDFC Ltd. have an average target of 42.00. The consensus estimate represents an upside of 0.12% from the last price of 41.95.
|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2020-08-14||IDFC Ltd. +||ICICI Securities Limited||26.60||42.00||26.60 (57.71%)||Target met||Buy|
ICICI Securities Limited
In 2014, IDFC Ltd received a license to set up a universal bank IDFC Bank. To strengthen retail franchise, IDFC Bank, Capital First Ltd engaged in a merger to form IDFC First Bank in December 2018. Currently, IDFC Ltd holds 40% stake in IDFC First Bank. Apart from banking, IDFC Ltd owns a Mutual Fund (100% owned). Its AUM stands at | 103893 crore of which equity AUM...
|2018-01-31||IDFC Ltd. +||HDFC Securities||56.25||56.25 (-25.42%)||Results Update|
|2017-07-20||IDFC Ltd. +||Axis Direct||58.85||58.85 (-28.72%)||Not Rated|
IDFC and Shriram group announced a 90-day exclusivity period to discuss a merger. The plan is to merge IDFC Bank with Shriram City Union Finance (SCUF); whereas Shriram Transport Finance (SHTF) and other Shriram group entities (life insurance, general insurance, AMC) will be separate subsidiaries of..
|2016-07-28||IDFC Ltd. +||ICICI Securities Limited||53.80||53.80 (-22.03%)|
ICICI Securities Limited
Investment to keep RoE benign; dropping coverage IDFC Bank's PAT came in at | 264.8 crore, higher than our estimate of | 173.2 crore, led by strong growth of 19.7% QoQ in NII. Growth in other income at | 212.8 crore; up 54.6% QoQ, supported the topline Operating expense declined 6% QoQ to | 276.8 crore. Increase in income coupled with a decline in opex has led to an improvement in cost income ratio at 39% in Q1FY17 compared to ~50% in Q4FY16 Asset quality has remained resilient with absolute GNPA remaining...
|2016-05-02||IDFC Ltd. +||ICICI Securities Limited||43.50||44.00||43.50 (-3.56%)||Hold|
|2016-02-02||IDFC Ltd. +||ICICI Securities Limited||40.80||56.00||40.80 (2.82%)||Target met||Buy|
|2015-02-06||IDFC Ltd. +||HDFC Securities||165.80||187.00||165.80 (-74.70%)||Target met||Buy|
|2015-02-02||IDFC Ltd. +||HDFC Securities||176.25||177.00||176.25 (-76.20%)||Hold|
IDFCs net earnings were ahead of estimates with lower than expected opex & provisions cost. However, its conservative provisioning policy continued with contingent provisions now at 3.9% of loans vs. 3.1% (1Q) and restructured provisions at ~5%.
|2012-12-29||IDFC Ltd. +||Ashika Research||172.80||208.00||172.80 (-75.72%)||Buy|
IDFC is a NBFC dedicated to infrastructure finance to private companies. Its business verticals include Corporate Investment Banking, Alternative Asset Management and Public Market Asset Management. It has a loan portfolio of...