IDFC First Bank Limited is an Indian private sector banking and financial services provider. It is the 8th largest bank in India by market capitalization. It was IDFC first bank share price target 2025 and since then it has been called IDFC First Bank. However, in December 2023 after the merger of IDFC First Bank entities, it changed its name to IDFC First Bank Ltd.
The bank has more than 600 branches in India and employs 20,222 people.
The share price of the bank has witnessed some growth in the past one year of trading on the stock exchange. However, the long-term investors of the bank have been disappointed with the performance of the NSE Stock.
In this post, we will discuss the factors that will influence the share price target for IDFC first bank share target 2025 and in the coming years, along with the share price prediction for the years ahead of us.
IDFC First Bank Latest News
IDFC first bank share price target 2026 has gained 0.32% so far in the morning and has not witnessed any significant change in its share price on the NSE Stock Market. Currently, IDFC First Bank NSE Stock is trading at Rs Rs 78.70.
The Bank’s insider investors have traded over Rs 265 Million in the last one year’s trading period. This could have a negative impact on the Bank and investors need to be aware of such events.
IDFC first bank share price target 2027, the board members of the IDFC Ltd and the IDFC First Bank came together and approved the reverse merger of the two entities.
In December 2023, the RBI backed the IDFC Ltd-IDFC First Bank merger. The RBI is India’s banking system’s top regulator.
Points to consider before investing in IDFC First Bank Stock
BOBCAPS Research recommends ‘Buy’ IDFC FIRSTB NSE Stock with Rs 96. According to BOBCAPS, they are banking on the operational efficiencies of IDFC FIRST Bank.
Anand Rathi, a market expert, has set the price target for IDFC first bank share price prediction 2025. IDFC FIRSTB offers credible interest, discounts on bills, and income from investments.
IDFC FIRSTB’s third-quarter net profit stood at Rs 726 crore, up 18% year-on-year (Y-on-year).
Its net interest income increased 30% Y-on-year to Rs 4.287 crore in the third-quarter of FY2023.
Its operating income increased to Rs 4.402 crore, up 31% y-on-y (Q-o-q).
IDFC First’s Chief Executive Officer (CEO) and Managing Director (MID) V V Vailanathan made a statement in January 2023 regarding the financial lender’s plan to address its profitability challenges over the next 5 years. Vailanathan said IDFC First will aim to increase deposits by 25% and advances by 20% in the coming years.
Conclusion
Since the Bank’s listing on the NSE in 2015, the Share Price of the Bank hasn’t been very consistent. Going through the NSE stock of the Bank over the last 9 years, it’s clear that the Bank’s Share hasn’t been able to provide good returns to its investors as the Bank’s stock has seen a low growth of IDFC first bank share price prediction 2030.
On the other hand, the Bank’s Share Price has seen a huge jump of 42.57 % from Rs 55/share on March 17 to Rs 78/share on March 16, 2024. In December of last year, IDFC Ltd was merged with the Bank, which may have helped the lender’s stock in some way.
In addition to the merger news, IDFC First Bank’s financials in FY2023 have been outstanding in all aspects and this could lead to a further increase in IDFC First Bank share price target 2025 and beyond.
It is important to remember that the stock market is a volatile market and it is always advisable to seek professional advice before making any investment decision. At India Property Dekho, we always recommend an in-depth analysis of the risks in the stock market and the company profile before committing to any investment.