An Indian private sector bank IDFC FIRST Bank provides a variety of financial services and products to its clients. Once IDFC Bank and Capital First merged in 2018, the bank was created. Via its digital platforms and physical offices, IDFC FIRST Bank seeks to offer its customers seamless banking experiences with a strong emphasis on customer-centricity and innovation.
Savings accounts, current accounts, fixed deposits, loans, credit cards, insurance, and investment services are just a few of the goods and services the bank provides. With its online banking portal and mobile banking app, IDFC FIRST Bank also has a significant presence in the digital banking sector. These features enable users to conduct a variety of transactions and access a wide range of banking services.
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IDFC BANK IN RECENT NEWS
- Starting today, IDFC First Bank has increased its fixed deposit rates by as much as 7.75%.
- Interest rates on fixed deposits have been raised by IDFC First Bank and Equitas Small Finance Bank.
- IDFC Ltd is set to invest Rs 2,200 crore in IDFC First Bank, which will result in an increased stake of 40% for the former in the latter.
IDFC BANK SHARE PRICE TARGET 2023
|IDFCE BANK SHARE PRICE TARGET 2023||Maximum Price||Minimum Price|
IDFC FIRST BANK’s share price is expected to follow a promising bullish uptrend throughout 2023. The maximum share price is projected to reach ₹73.99 in December 2023, while the minimum price is expected to be ₹29.17 in May 2023. This represents a notable growth percentage and indicates positive investor sentiment for IDFC FIRST BANK.
Overall, the consistent increase in the maximum share price month after month suggests a positive outlook for IDFC FIRST BANK in 2023. While there may be some fluctuations in the share price along the way, the overall trend indicates a promising future for the bank. Investors and traders may want to keep a close eye on IDFC FIRST BANK’s share price movement throughout 2023 to capitalize on potential gains from this bullish uptrend.
IDFC FIRST BANK SHARE PRICE TARGET 2024
|IDFC BANK SHARE PRICE TARGET 2024||Maximum Price||Minimum Price|
IDFC FIRST BANK’s share price is expected to follow a bullish uptrend in 2024. The maximum share price is projected to reach ₹103.59 in December 2024, while the minimum price is expected to be ₹53.68 in May 2024. This represents a notable range for potential price targets, indicating that investors may be able to take advantage of potential gains throughout the year.
Furthermore, the consistent increase in the maximum share price over the months suggests a positive outlook for IDFC FIRST BANK in 2024. Although there may be some fluctuations in the share price along the way, the overall trend indicates a promising future for the bank. Investors and traders should keep an eye on IDFC FIRST BANK’s share price movement throughout 2024 to make informed investment decisions and potentially benefit from this bullish uptrend.
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IDFC FIRST BANK SHARE PRICE TARGET 2025
|IDFC BANK SHARE PRICE TARGET 2025||Maximum Price||Minimum Price|
Looking at the predicted IDFC FIRST BANK share price target for 2025, it seems to be on an upward trajectory. The share price is expected to have a maximum target of ₹125.66 and a minimum target of ₹72.92 for the year. The bullish trend is expected to continue in 2025, with the share price reaching a maximum of ₹123.19 in November. The trend is expected to continue in December, with the share price reaching ₹125.66, indicating a growth percentage of around 17% from the minimum price. However, the share price is expected to dip in May, with a minimum price target of ₹72.92. Overall, investors can expect an uptrend in the share price of IDFC FIRST BANK in 2025, making it a promising investment option.
IDFC BANK SHARE PRICE TARGET 2026 TO 2030
|IDFC BANK SHARE PRICE TARGET BY||Maximum Price||Minimum Price|
Based on the above data, IDFC FIRST BANK’s share price target for the year 2026 is estimated to be in the range of ₹87.96 to ₹61.57, with a maximum and minimum price of ₹87.96 and ₹61.57, respectively. Similarly, for the year 2027, the share price target is expected to be in the range of ₹74.77 to ₹52.34, with a maximum and minimum price of ₹74.77 and ₹52.34, respectively.
The share price target for the year 2028 is expected to increase significantly to be in the range of ₹134.58 to ₹94.21, with a maximum and minimum price of ₹134.58 and ₹94.21, respectively. In 2029, the share price target is expected to see a substantial increase with a maximum and minimum price of ₹276.45 and ₹193.51, respectively.
Finally, for the year 2030, the share price target is expected to be in the range of ₹307.86 to ₹215.50, with a maximum and minimum price of ₹307.86 and ₹215.50, respectively.
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FINANCIAL STRENGTH OF IDFC FIRST BANK SHARE PRICE (2018 TO 2030)
|ANNUAL||FY 2022||FY 2021||FY 2020||FY 2019||FY 2018|
|Total Income Growth (%)||11.65||1.44||36.67||28.62||6.47|
|Provisions & Contingencies||3,151.25||2,100.70||4,813.05||188.80||340.00|
|Provisions & Contingencies Growth (%)||50.01||-56.35||2,449.29||-44.47||-50.51|
|Profit after Tax (PAT)||132.31||483.18||-2,843.39||-1,907.88||879.91|
|PAT Growth (%)||-72.62||–||–||-296.76||-10.09|
|Net Interest Margin (%)||5.10||4.52||4.03||2.07||1.56|
|Net Profit Margin (%)||0.77||3.02||-17.50||-15.63||9.67|
|Basic EPS (₹)||0.21||0.88||-5.94||-4.66||2.59|
The financial statement of IDFC FIRST BANK over the last five years reveals a mixed performance with both positive and negative trends. Total income of the bank has witnessed a steady growth, with a revenue growth rate of 11.65% in FY 2022. However, provisions and contingencies have been volatile, with a steep increase in FY 2020, followed by a sharp decline in FY 2021.
The bank’s PAT growth rate has been negative, except for FY 2021, which saw a profit growth rate of 483.18%. The net interest margin of the bank has also shown an upward trend, with a maximum of 5.10% in FY 2022. However, the net profit margin has been low, with a minimum of -17.50% in FY 2020. The basic EPS of the bank has been volatile, with a maximum of 0.88 in FY 2021 and a minimum of -5.94 in FY 2020.
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IOB SHARE PRICE TARGET 2023 TO 2030: CAN IOB REACH 100 INR?
The maximum share price target of IDFC First Bank in 2027 is Rs. 74.77
The maximum share price target of IDFC First Bank in 2029 is Rs. 276.45
The maximum share price target of IDFC First Bank in 2030 is Rs. 307.86
CONCLUSION: IDFC FIRST BANK
IDFC FIRST BANK has had tremendous growth in terms of total income, revenue growth, and profit growth based on the financial statements of the previous five years. The bank’s overall revenue has risen yearly, with a growth rate of 11.65% in the most recent fiscal year. However, because of increasing provisions and contingencies, the bank experienced a loss in the fiscal year 2022. Although the bank’s PAT growth rate was negative in the fiscal year 2022, it had greatly improved from the fiscal year 2020’s negative growth rate. The net profit margin of the bank has also dramatically increased from fiscal year 2020 to 2022.