IDFC First Bank Ltd slips for fifth straight session Business Standard
Read More…
Category: IDFC Bank
Indices: Stock market update: Nifty Bank index falls 0.55%
NEW DELHI: The Nifty Bank index closed on a negative note on Wednesday. Shares of Punjab National Bank(up 2.05 per cent), Bank of Baroda(up 1.34 per cent), State Bank of India(up 1.11 per cent), Kotak Mahindra Bank Ltd.(up 0.28 per cent) and Axis Bank Ltd.(up 0.09 per cent) ended the day as top gainers in the pack. On the other hand, HDFC Bank Ltd.(down 1.57 per cent), Federal Bank Ltd.(down 1.57 per cent), IDFC First Bank Ltd.(down 1.16 per cent), Au Small Finance Bank Ltd.(down 0.85 per cent) and ICICI Bank Ltd.(down 0.79 per cent) finished as the top losers of the day. The Nifty Bank index closed 0.55 per cent down at 48021.1. Benchmark NSE Nifty50 index ended 0.0 points at…
Read More…
Nifty Bank holds on to 48,000; next big support is placed at 50-EMA on daily charts: Experts
The Nifty Bank fell for the second day in a row on Wednesday but managed to hold on to its crucial psychological support placed at 48,000.The index fell 264 points to close at 48,021 while the Nifty50 closed flat to close above 22,300 levels.SBI, Bank of Baroda and PNB closed with gains of over 1% each while selling was seen in IDFC First Bank, Federal Bank and HDFC Bank, which fell over 1% each.The Nifty Bank recouped some losses to close above 48,000. The next big support for the index is placed at 47,700, which also coincides with 50-EMA, suggested experts.”The BankNifty index encountered a volatile trading session during the expiry day, highlighting the ongoing struggle between bulls…
Read More…
IDFC First Bank Share Price Target 2024: Stock Under Rs 100 – BUY, SELL or HOLD? – MSN
IDFC First Bank Share Price Target 2024: Stock Under Rs 100 – BUY, SELL or HOLD? MSN
Read More…
IDFC Q4 results: Net profit declines 90% to ₹348 crore, revenue stood at ₹9.77 crore
IDFC’s net profit witnessed a significant decline of 89.73% to ₹347.85 crore in the quarter ending March 2024, compared to ₹3,387.39 crore recorded in the preceding quarter ending March 2023.
Similarly, sales experienced a notable drop of 81.43% to ₹9.77 crore in the quarter ending March 2024, in contrast to ₹52.60 crore reported in the previous quarter ending March 2023.
Also read: IDFC First Bank Q4…
Read More…
IDFC First Bank (NSE:IDFCFIRSTB) shareholders have earned a 13% CAGR over the last five years
The main point of investing for the long term is to make money. Furthermore, you’d generally like to see the share price rise faster than the market. But IDFC First Bank Limited (NSE:IDFCFIRSTB) has fallen short of that second goal, with a share price rise of 86% over five years, which is below the market return. Some buyers are laughing, though, with an increase of 25% in the last year. With that in mind, it’s worth seeing if the company’s underlying fundamentals have been the driver of long term performance, or if there are some discrepancies. See our latest analysis for IDFC First Bank To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the…
Read More…
IDFC First Bank Share Price Target 2024: Stock Under Rs 100 – BUY, SELL or HOLD?
Updated May 6, 2024 | 04:49 PM ISTIDFC First Bank Share Price Target 2024: Brokerage firm Centrum Broking remains bullish on the private sector lender IDFC First Bank stocks. The brokerage said that the stock has performed really well over the last five years, reflecting strong capitalisation and the potential for medium-term growth. Shares of IDFC First Bank have a 52-week range of Rs 100.74 – Rs 63.01 on the BSE.(Image: istock/ET Now News)IDFC First Bank Share Price Target 2024: Brokerage firm Centrum Broking remains bullish on the private sector lender IDFC First Bank stocks. The brokerage firm has also shared their outlook as well as the price target for the private sector lender’s…
Read More…
idfc first bank share price: IDFC First Bank shares fall nearly 6% after Q4 results. Should you invest?
Shares of IDFC First Bank dipped 5.6% to the day’s low of Rs 80 after the company reported a net profit of Rs 724.35 crore for the quarter ended March 31, which was down from Rs 802.62 crore reported by the lender in the year-ago period.IDFC First Bank reported an interest income of Rs 8,219.21 crore in the January-March quarter as against Rs 6,424.35 crore reported in the year-ago period. It was up by 28% on a year-on-year basis.The board has also approved the borrowing of funds by the issuance of debt Instruments up to Rs 5,000 crore.ALSO READ | HCL Tech shares fall 6% after Q4 results. Should you buy, sell or hold?Here’s what brokerage firms say about the stock:Motilal OswalIDFCFB…
Read More…
Idfc First Bank Outlook for the Week (May 06, 2024 – May 10, 2024)
IDFC First Bank’s CD ratio may come down to 90-92 percent by end of FY25, says CEO V Vaidyanathan
IDFC First Bank’s Credit-Deposit (CD) ratio is likely to come down to 90 percent to 92 percent from the current levels by the end of the current financial year, said managing director and chief executive officer V Vaidyanathan in an exclusive interview with Moneycontrol.“Our CD ratio can come down to say 90-92 percent by the end of this financial year. Our strategy is very simple, grow credit less than deposits. Our incremental CD ratio has been quite low after the merger,” Vaidyanathan said.The CD ratio tells us how much of the money banks have raised in the form of deposits has been deployed as loans.Currently, the bank’s CD ratio stands at 98.4 percent as at the end of…
Read More…