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Some the key levers for re-rating would include margin expansion, bump up in deposit franchise, improvement in cost trends

Jefferies maintains 'buy' call on IDFC First Bank, sees 22% upside

Experts feel the Nifty is likely to correct up to 22,300-22,200 and breaking of the same can take it down up to 22,000 mark, but in case of recovery, 22,700-22,800 may be the key hurdle

Experts list 10 best bets for 3-4 weeks as D-St goes into a phase of correction

Jefferies anticipates IDFC First Bank maintaining strong deposit growth with a 28% CAGR from FY24-27, supporting expansion and bond repayment. Cost pressures are expected to ease as high-cost bonds decrease from Rs13600 crore to Rs300 crore by Mar-26, allowing for potential deposit rate cuts from FY27.

Jefferies India begins coverage on IDFC First Bank, raises target to Rs 100

The bank has not complied with certain directions issued by RBI on ‘Loans and Advances – Statutory and Other Restrictions’, the RBI said

RBI imposes Rs 1 crore monetary penalty on IDFC First Bank for rule violations

In Shriram Finance, promoter Shriram Value Services bought 1.59 percent stake taking their total holding in the company to 5.05 percent

Bulk deals: Cloverdell exits IDFC First Bank, promoters increase stake in Shriram Finance

Private equity firm Warburg Pincus' affiliate Cloverdell Investment had previously diluted a cumulative 5.5 percent stake in IDFC First Bank through block deals in September and December 2023

IDFC First Bank shares slump 3.5% as Warburg Pincus affiliate exits in Rs 1,386-crore block deal

The floor price set at Rs 75 per share, implying 4 percent discount to current market price.

Cloverdell Investment likely to sell its entire stake in IDFC First Bank via block deals

PSU banks have staged a strong comeback, outperforming the Nifty Private Bank index with the Nifty PSU Bank Index delivering a remarkable 162 percent returns since March 2022, compared to 24 percent for private banks

Outnumbered in Nifty Bank index, but PSU lenders outweigh their private peers

Balkrishna Industries has seen a breakout of long horizontal resistance trendline adjoining highs of September 23, 2021 and January 11, 2024. The stock formed strong bullish candlestick pattern on the daily timeframe with healthy volumes.

Trade Spotlight: How to deal in Rain Industries, Balkrishna Industries, IDFC First Bank?

Motilal Oswal recommended Neutral rating on IDFC First Bank with a target price of Rs 85 in its research report dated January 21, 2024.

Neutral IDFC First Bank; target of Rs 85: Motilal Oswal

IDFC First Bank Ltd. engages in the provision of financial and banking solutions. It operates through the following segments: Treasury, Corporate and Wholesale Banking, Retail Banking, Other Banking Business, and Unallocated. The Treasury segment consists of the Bank's investment portfolio; money market borrowing and lending; investment operations; and entire foreign exchange and derivative portfolio of the Bank. The Corporate and Wholesale Banking segment is involved in loans, non-fund facilities and transaction services to corporate relationship not included under Retail Banking, corporate advisory, project appraisal placement, and syndication. The Retail Banking segment constitutes lending to individuals and business banking customers through the branch network and other delivery channels. The Other Banking Business segment refers to revenue from distribution of third-party products. The Unallocated segment consists of items which are considered at an enterprise level. The company was founded by Rajiv Behari Lall on October 21, 2014, and is headquartered in Mumbai, India.

Volume (M)	28.63M
52-Wk High	100.70
52-Wk Low	56.00

IDFCFIRSTB.NSE IDFC First Bank Ltd.

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