IDFC First Bank Ltd logo

IDFC First Bank Ltd (IDFCFIRSTB)

₹93.40.21%

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Overview
Fundamentals
Q1 '23 Results
Technicals
News and Events

Overview of IDFC First Bank Ltd

Key events for IDFC First Bank Ltd

  • IDFC First Bank Offers 7.25% Interest on Three-Year FDs - 19 Sep, 2023

    Bandhan Bank, IDFC First Bank, IndusInd Bank and Yes Bank offer 7.25 percent interest on FDs with three-year tenures. An investment of Rs 1 lakh will grow to Rs 1.24 lakh in three years.

  • IDFC First Bank's Growth Strategy Receives Positive Response from Street - 14 Sep, 2023

    Analysts are optimistic about IDFC First Bank's growth strategy after Q1FY24 results.

  • IDFC First Bank Sees Block Deal Activity - 12 Sep, 2023

    GQG Partners and Goldman Sachs acquire significant stakes in IDFC First Bank through block deals.

  • GQG Partners Acquires Stake in IDFC First Bank - 11 Sep, 2023

    US-based investment firm GQG Partners acquired a total of 4.16% stake in IDFC First Bank for over Rs 2,000 crore through multiple block deals. The bank also integrated UPI QR codes with its CBDC app.

  • Mixed Day for IDFC First Bank Shares - 08 Sep, 2023

    IDFC First Bank shares had a mixed day, trading lower in the morning but with analysts optimistic about their growth strategy following Q1FY24 results.

  • IDFC First Bank Shares Hit New Highs Amid Digital Rupee Adoption - 05 Sep, 2023

    IDFC First Bank's shares reach record highs as it enters the top 10 most valuable listed banks in India, integrates UPI QR codes with its CBDC app, and adopts UPI interoperability for digital rupee.

  • GQG Partners Acquires Stake in IDFC First Bank - 04 Sep, 2023

    US-based investment firm GQG Partners acquired a 2.6% stake in IDFC First Bank for Rs 1,527 crore through bulk deals, while Cloverdell Investment sold a 4.2% stake at Rs 89 per share.

  • GQG Partners Acquires Stake in IDFC First Bank - 03 Sep, 2023

    Rajiv Jain-led GQG Partners has acquired a 2.58% stake in IDFC First Bank for Rs 1,527 crore through bulk deals, while Warburg Pincus affiliate Cloverdell Investment sold a 4.2% stake.

  • V Vaidyanathan appointed as MD & CEO of IDFC First Bank - 02 Sep, 2023

    Former entrepreneur and current MD & CEO of IDFC First Bank, V Vaidyanathan, left his previous position to lead the bank.

  • IDFC First Bank Added to MSCI Global Standard Index; GQG Buys Stake - 01 Sep, 2023

    IDFC First Bank was added to the MSCI Global Standard India Index and Rajiv Jain's GQG Partners bought a 2.58% stake in the bank for Rs 1,527 crore while Cloverdell Investment sold a 4.2% stake.

  • IDFC First Bank Set for Inflows Up to $214 Million - 31 Aug, 2023

    IDFC First Bank is set to receive significant inflows of up to $214 million as it makes its way into the MSCI Global Standard Index. Analysts predict a positive impact on the bank's stock.

  • IDFC First Bank Ltd: HDFC, IDFC Mergers Unlikely to Trigger PSU Bank Consolidation - 27 Aug, 2023

    Analysts suggest that the merger of HDFC and IDFC is unlikely to trigger consolidation of public sector banks.

  • IDFC First Bank Remains a Favourite for Investors - 24 Aug, 2023

    Investors continue to view IDFC First Bank as a great compounding story.

  • IDFC First Bank Posts Strong Q1 Results; Introduces New Credit Card Criteria - 23 Aug, 2023

    IDFC First Bank posts a strong Q1 result with a 61% YoY growth in net profit, while also introducing new minimum spending criteria for airport lounge access on some credit cards.

  • IDFC First Bank Hits New High - 22 Aug, 2023

    IDFC First Bank Ltd's stock hits a new 52-week high of Rs 92 on August 22.

  • IDFC First Bank to be included in MSCI Global Standard Index - 21 Aug, 2023

    IDFC First Bank will be added to the MSCI Global Standard Index effective from September 1. Despite hitting a fresh 52-week high, there has been no surge in F&O positions.

  • IDFC First Bank Hits New 52-Week High - 17 Aug, 2023

    IDFC First Bank Ltd achieved a new 52-week high at Rs 89.99.

  • IDFC First Bank Added to MSCI Global Standard Index - 14 Aug, 2023

    IDFC First Bank Ltd has been added to the MSCI Global Standard Index in its quarterly review.

  • IDFC First Bank Added to MSCI Global Standard Index - 11 Aug, 2023

    IDFC First Bank will be included in the MSCI Global Standard Index effective from September 1, 2023. It is projected to garner inflows of $204 million.

  • IDFC First Bank Considered for Index Inclusion - 10 Aug, 2023

    IDFC First Bank Ltd's potential inclusion in an evolving index composition and a recommendation by Khemka based on expected loan growth.

Analyst Rating

based on 12 analysts

BUY
58.33%
Buy
16.67%
Hold
25.00%
Sell

Based on 12 analysts offering long term price targets for IDFC First Bank Ltd. An average target of ₹81.08

Source: S&P Global Market Intelligence

IDFC First Bank Ltd Performance

  • ₹93.15
    ₹94.85
    ₹93.4
    downward going graph

    0.27%

    Downside

    Day's Volatility:1.82%

    Upside

    1.55%

    downward going graph
  • ₹46.2
    ₹100.7
    ₹93.4
    downward going graph

    50.54%

    Downside

    52 Weeks Volatility:58.35%

    Upside

    7.82%

    downward going graph
1 Month Return4.35 %
3 Month Return13.87 %
1 Year Return84.43 %
Previous Close₹93.60
Open₹93.75
Volume2.55Cr
Market Cap₹62,922.15Cr

IDFC First Bank Ltd Company Information

IDFC First Bank Ltd is a leading private sector bank in India, incorporated on October 23, 2015. IDFC First Bank offers a wide range of banking and financial services, including retail banking, corporate banking, investment banking, asset management, wealth management, and insurance.

The bank's top products include savings accounts, current accounts, fixed deposits, recurring deposits, home loans, personal loans, car loans, credit cards, debit cards, and prepaid cards. IDFC First Bank also offers a wide range of digital banking services, such as mobile banking, net banking, UPI, and IMPS.

Share Price: ₹93.40 per share as on 21 Sep, 2023 04:01 PM
Market Capitalisation: ₹62,922.15Cr as of today
Revenue: ₹7,822.23Cr as on March 2023 (Q1 23)
Net Profit: ₹816.12Cr as on March 2023 (Q1 23)
Listing date: 06 Nov, 2015
Chairperson Name: Sanjeeb Chaudhuri
OrganisationIDFC First Bank Ltd
HeadquartersMumbai
IndustryBanks
E-voting on sharesClick here to vote

Fundamentals of IDFC First Bank Ltd

Insights on IDFC First Bank Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    FII Holding Up
    img

    Foreign Institutions have increased holdings from 12.18% to 13.73% in Jun 2023 quarter

  • imgPOSITIVE IMPACT

    Best in 1 Year
    img

    In the last 1 year, IDFCFIRSTB has outperformed top 5 stocks with highest market-cap in Banks

  • imgPOSITIVE IMPACT

    MF Holding Up
    img

    Mutual Funds have increased holdings from 2.72% to 2.78% in Jun 2023 quarter

  • imgPOSITIVE IMPACT

    Price Rise
    img

    In the last 3 years, IDFCFIRSTB stock has moved up by 217.8%

  • imgPOSITIVE IMPACT

    Profit Spike
    img

    Netprofit is up for the last 8 quarters, -621.17 Cr → 816.12 Cr (in ₹), with an average increase of 116.2% per quarter

  • imgPOSITIVE IMPACT

    Revenue Rich
    img

    Revenue is up for the last 7 quarters, 4.83K Cr → 7.82K Cr (in ₹), with an average increase of 7.7% per quarter

  • imgNO EFFECT

    Against Peers
    img

    In the last 3 years, State Bank of India has given 223.5% return, outperforming this stock by 5.7%

  • imgNEGATIVE IMPACT

    Retail Holding Down
    img

    Retail Investor have decreased holdings from 29.05% to 27.54% in Jun 2023 quarter

  • imgNEGATIVE IMPACT

    Promoter Holding Down
    img

    Promoters have decreased holdings from 39.99% to 39.93% in Jun 2023 quarter

IDFC First Bank Ltd Valuation

IDFC First Bank Ltd in the last 5 years

  • Overview

  • Trends

Lowest (-415.00x)

January 13, 2022

Industry (18.26x)

September 20, 2023

Today (21.77x)

September 20, 2023

Highest (207.86x)

April 4, 2022

LowHigh

Mutual Fund Holdings

Funds Holdings
Tata Large & Mid Cap Fund Direct Plan GrowthTata Large & Mid Cap Fund Direct Plan Growth4.72%
Aditya Birla Sun Life ELSS Tax Relief 96 Direct Plan GrowthAditya Birla Sun Life ELSS Tax Relief 96 Direct Plan Growth1.42%
Tata Mid Cap Growth Fund Direct Plan GrowthTata Mid Cap Growth Fund Direct Plan Growth4.14%
UTI Nifty200 Momentum 30 Index Fund Direct GrowthUTI Nifty200 Momentum 30 Index Fund Direct Growth3.93%
Motilal Oswal Midcap Direct GrowthMotilal Oswal Midcap Direct Growth1.47%

IDFC First Bank Ltd Shareholding Pattern

InvestorsHoldings %Prev. 2 periods3M change
Promoter Holdings
39.93%
-0.15
Foreign Institutions
13.73%
12.74
Mutual Funds
2.78%
2.39
Retail Investors
27.54%
-5.19
Others
16.03%
-0.29

Technicals of IDFC First Bank Ltd

News & Events of IDFC First Bank Ltd

QnA on IDFC First Bank Ltd

  • QuestionAsked on: 30 Jul, 2023

    IDFC First Bank reported a 61% YoY surge in its net profit for the quarter ended June 2023. What's the private sector bank's total loan book?

    QnA Result : 31 Jul, 2023User Profile Icon1032 people participated in the quiz

    IDFC First Bank's total loan book or asset book increased 5% YoY for the quarter ending June to Rs 1.7 lakh crore.

    36.34% of INDmoney users answered correctly

    Rs 2.5 lakh crore
    47.97%
    Rs 1.7 lakh crore
    36.34%blue tick
    Rs 95000 crores
    15.70%
  • QuestionAsked on: 05 Jul, 2023

    After HDFC Bank, which of the following Indian banks announced a merger with its housing finance arm?

    QnA Result : 06 Jul, 2023User Profile Icon1412 people participated in the quiz

    IDFC First Bank will merge with IDFC Ltd. Under the proposed transaction, investors will get 155 shares of IDFC First Bank for every 100 shares held in IDFC.

    69.55% of INDmoney users answered correctly

    Axis Bank
    20.96%
    State Bank of India
    9.49%
    IDFC Bank
    69.55%blue tick

Frequently Asked Questions

IDFC First Bank Ltd (IDFCFIRSTB) share price today is ₹93.4

  • Today’s highest price of IDFC First Bank Ltd is ₹94.85.
  • Today’s lowest price of IDFC First Bank Ltd is ₹93.15.

Today’s traded volume of IDFC First Bank Ltd(IDFCFIRSTB) is 2.55Cr.

Today’s market capitalisation of IDFC First Bank Ltd(IDFCFIRSTB) is ₹62922.15Cr.

IDFC First Bank Ltd(IDFCFIRSTBPrice
52 Week High
₹100.7
52 Week Low
₹46.2

IDFC First Bank Ltd(IDFCFIRSTB) share price is ₹93.4. It is down -7.25% from its 52 Week High price of ₹100.7

IDFC First Bank Ltd(IDFCFIRSTB) share price is ₹93.4. It is up 102.16% from its 52 Week Low price of ₹46.2

IDFC First Bank Ltd(IDFCFIRSTBReturns
1 Day Returns
-0.2%
1 Month Returns
4.35%
3 Month Returns
13.87%
1 Year Returns
84.43%