IDFC First Bank Share Price NSE/BSE: IDFC First Bank Shares
IDFC First Bank share price has closed with Rs 83.25 on April 8, 2024 traded session as compared to the previous close of Rs 80.65. IDFC First Bank shares opened the day with Rs 82.30. High of the day was Rs 83.60 and low of the day was Rs 81.45. Now high for the financial year amounted as Rs 100.70 and low for the financial year amounted as Rs 53.35. It has given the 3.16% of the return for the day. IDFC First Bank Ltd is a private sector bank which mainly leads to Retail Banking, Wholesale Banking and Corporate Banking.
Recently, RBI has imposed a penalty of Rs 1 crore on IDFC First Bank for not following certain rules regarding loans. RBI has stated that the penalty imposed on IDFC First Bank has been imposed due to non-compliance of rules regarding ‘Loans and Advances – Statutory and Other Restrictions’.
The bank provided term loans to government-owned companies to fund infrastructure projects without checking whether they would be able to repay the loan and whether it would go to the government’s disposal.
Summary
Financial Metrices of IDFC First Bank Stock
Market capitalization of IDFC First Bank Shares stands Rs 58.65TCr. P/E ratio is 18.61 and sector PE ratio id 21.16 and currently it is not providing any Dividend Yield but providing sector Dividend yield is 0.82%. PB ratio of IDFC First Bank is 2.21 and sector PB ratio is 2.87. 52-wk high of IDFC First Bank Shares is Rs 100.70 and 52-wk low of IDFC First Bank shares is 53.35. IDFC First Bank is listed on both National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) with large market capitalization in year of 2015. Total average volume of buying and selling of IDFC Fist Bank shares for the day was 35.76M.
IDFC First Bank Share’s Comparative Analysis to its peers
It is the peer comparison of IDFC First Bank stock to its competitors. This peer comparison is among its PE ratio, 1-yar return and buy recommendations by experts.
| Industry Name | PE Ratio | 1-Year Return | Buy Recommendation Percentage |
| IDFC First Bank Ltd | 18.61 | 49.08% | 47% |
| HDFC Bank Ltd | 25.59 | -6.30% | 89.74% |
| ICICI Bank Ltd | 22.35 | 22.47% | 92.31% |
| Kotak Mahindra Bank Ltd | 23.78 | 1.90% | 52.78% |
| Axis Bank Ltd | 30.22 | 23.08% | 92.31% |
Financial History of IDFC First Bank Shares over 5 years
IDFC First Bank came with its IPO in 2015. This stock did not give much performance at the time of listing and this stock has always been fluctuating, sometimes there is sudden buying, then the stock goes up and sometimes it falls suddenly due to selling. But since last one year some stability has been seen in it.
From last 6 months it has given the return of 8.05% which is very good amount of return. If we see its last 1 year return it has given 53.33% of return and from last 5 years it has given the 52.86% of return.
Revenue of IDFC First Bank Ltd stock has grown up at a yearly rate of 21.62% as compared to the industry average revenue growth of 12.11%, market share jumped from 2.28% to 3.46% and net worth income has grown up at a yearly rate of 23.08% as compared to the industry average growth of 24.56%.
Quarter Final Results of FY23 of IDFC First Bank Stock
In the Quarter Final Results of FY23, IDFC First Bankperformed outstanding revenue growth of amounting to 5.15 trillion Indian Rupees, marking a considerable gain of 29.1% year-over-year. Its net income also saw a significant increase, reaching 732.09 crore Rupees, indicating an 18.73% growth as compared to the last year. Apart from this stunning growth of revenue and its income growth, its weak earnings per share (EPS) experienced a more average increase, standing at 1.03, which reflects a 5.1% rise year-over-year.
Anyway, it is not easy to note that its net profit margin slightly decreased from 14.22% to 8.02% year-over-year, reflecting some challenges in maintaining profitability amongst the growth in revenue and net income. However, these financial results display company’s ability to generate significant growth of revenue and profit, despite with some margin pressure that may permit further strategic adjustments to maintain long-term profitability.
IDFC First Bank share price target
Share price target of any company depends upon its financial growth, its future plans, market condition and many more factors. As we can see the revenue growth and market share of IDFC First Bank has increased from last 5 years. So, because of great performance of IDFC First Bank share price target will have great momentum in coming years.
IDFC First Bank share price target 2024
Share price target of IDFC First Bank for 2024 could be predicted of Rs 107.00 as first share price target and second share price target of Rs 115.00. If the market continues in a positive direction, then IDFC First Bank shares will give huge profits to its shareholders in the coming times.
IDFC First Bank share price target 2025
First share price target of IDFC First Bank for 2025 could be predicted as of Rs 128.00 and second share price target could be Rs 140.00. As it has been seen that the turnover growth of IDFC First Bank shares has been quite great for the last several years and it is expected that this will continue in the future also.
IDFC First Bank share price target 2026
Share price target of IDFC First Bank for 2026 could be predicted as of Rs 150.00 as first share price target and Rs 165.00 as second share price target. This share price is just a prediction which is arrived at by looking at the market trends and its behaviour. The market is volatile, anything can go up or down at any time and this price can also increase from this predicted price in the future.
IDFC First Bank share price target 2030
Share price target of IDFC First Bank for 2030 could be predicted as of Rs 250.00 as first share price target and second share price target could be of Rs 310.00. It has been performing very well for the last few years and has also given very good returns, so the hope is that it will give similarly good returns to its shareholders in the coming years.
About IDFC First Bank Ltd
IDFC First Bank Ltd was firstly established in 2015 and founded in December 18, 2018 after the merger Erstwhile Capital First and Banking arm of infrastructure Development Finance Company. It is a private sector bank which mainly works for the segments related to retail Banking, wholesale Banking and corporate Banking.
IDFC First Bank Ltd.’s Headquarters in Mumbai and more than 35,352 number of employees are working for this company. Its parent organization is Infrastructure Development Finance Company and its Subsidiaries are IDFC FIRST Bharat Limited, IDFC First Bank Limited, Asset Management Arm. V. Vaidyanathan is the CEO Of IDFC First Bank Ltd. IDFC First Bank has received awards 2023 by Financial Express India’s Best Banks Award as the ‘Best Digital Bank’ for the year 2021-2022.
People also ask
What is the target price of IDFC First Bank in 2025?
Share price target of IDFC First Bank for 2025 could be predicted as between the range of Rs 128.00 to Rs 140.00 as 1st and 2nd target price.
What is the target price of IDFC First Bank in 2030?
Share price target of IDFC First Bank for 2030 could be predicted as between the range of Rs 250.00 to Rs 310.00 as 1st and 2nd target price.
What is the PE ratio of IDFC First Bank?
PE ratio of IDFC First Bank is 18.84 And sector PE ratio is of 21.16.
What are the futures share price of IDFC First Bank?
Share price target of IDFC First Bank for 2024 could be predicted of Rs 107.00 as first share price target and second share price target of Rs 115.00.
First share price target of IDFC First Bank for 2025 could be predicted as of Rs 128.00 and second share price target could be Rs 140.00.
Share price target of IDFC First Bank for 2026 could be predicted as of Rs 150.00 as first share price target and Rs 165.00 as second share price target.
Share price target of IDFC First Bank for 2030 could be predicted as of Rs 250.00 as first share price target and second share price target could be of Rs 310.00.
Is IDFC First Bank a good stock?
Currently it is showing good for taking entry in this stock because its price is under the intrinsic value (stock is under-priced) and stock is not in overbought zone. But always remember before making any type of financial investment consult with your financial expert.
Disclaimer: The information provided is for informational purposes only and does not represent financial advice or guidance. Investing in the stock market involves essential risks, and individuals should conduct thorough research or seek professional guidance before making any investment decisions. The content reflects the market situation at the time of writing and is subject to change. The author and platform do not guarantee the accuracy or completeness of the information and shall not be responsible for any losses or damages occurs from actions taken based on the provided information.
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