IDFCFIRSTB

IDFC First Bank Share Price

₹66.31 +0.48 (0.73%)

05 Nov, 2024 19:25

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Performance

  • Low
  • ₹65
  • High
  • ₹67
  • 52 Week Low
  • ₹59
  • 52 Week High
  • ₹92
  • Open Price₹66
  • Previous Close₹66
  • Volume28,723,426

Investment Returns

  • Over 1 Month -7.68%
  • Over 3 Month -10.77%
  • Over 6 Month -18.03%
  • Over 1 Year -19.92%
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IDFC First Bank Fundamentals Fundamentals refer to the financial data that companies report on a quarterly or annual basis.

  • P/E Ratio
  • 20.9
  • PEG Ratio
  • -1
  • Market Cap Cr
  • 48,514
  • P/B Ratio
  • 1.5
  • Average True Range
  • 2.31
  • EPS
  • 4
  • Dividend Yield
  • 0
  • MACD Signal
  • -1.53
  • RSI
  • 38.97
  • MFI
  • 19.14

IDFC First Bank Financial

IndicatorSep 24Jun 24Mar 24Dec 23Sep 23
P/L After Tax from Ordinary Activities200.69680.65724.35715.68751.32
Net Profit/Loss For the Period200.69680.65724.35715.68751.32
IndicatorMar 24Mar 23
IndicatorMar 24Mar 23
IndicatorMar 24Mar 23
Total Share Capital7,069.926,618.12
Total Assets296,115.10239,941.66
Indicator20242023
Return On Equity (%)9.199.47
Book Value/Share (INR)45.4938.86
IndicatorSep 24Jun 24Mar 24Dec 23Sep 23
P/L After Tax from Ordinary Activities211.94642.64731.90732.09746.85
Net Profit/Loss For the Period211.94642.64731.90732.09746.85
IndicatorMar 24Mar 23
IndicatorMar 24Mar 23
IndicatorMar 24Mar 23
Total Share Capital7,069.926,618.12
Total Assets296,209.78239,882.05
Indicator20242023
Return On Equity (%)9.119.61
Book Value/Share (INR)45.6539.06

IDFC First Bank Technicals

EMA & SMA

Current Price
₹66.31
+ 0.48 (0.73%)
pointer
  • stock-down_img
  • Bullish Moving Average 0
  • stock-up_img
  • Bearish Moving Average 16
  • 20 Day
  • ₹68.75
  • 50 Day
  • ₹71.15
  • 100 Day
  • ₹73.52
  • 200 Day
  • ₹75.87

Resistance and Support

66.04 Pivot Speed
  • R3 67.95
  • R2 67.22
  • R1 66.77
  • S1 65.59
  • S2 64.86
  • S3 64.41

Is IDFC First Bank Worth Buying?

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Ratings

Master Rating

EPS Strenth

Price Strength

Buyer Demand

Group Rank

IDFC First Bank Ltd. is a leading private sector bank in India, offering a wide range of financial services, including retail and corporate banking, loans, and digital banking solutions. It focuses on serving individuals, MSMEs, and large enterprises. Idfc First Bank has an operating revenue of Rs. 40,305.58 Cr. on a trailing 12-month basis. An annual revenue growth of 33% is outstanding, Pre-tax margin of 8% is okay, ROE of 9% is fair but needs improvement. The stock from a technical standpoint is trading below to its key moving averages. It needs to take out these levels and stay above it to make any meaningful move. From an O'Neil Methodology perspective, the stock has an EPS Rank of 17 which is a POOR score indicating inconsistency in earnings, a RS Rating of 10 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at D- which indicates heavy supply, Group Rank of 127 indicates it belongs to a poor industry group of Banks-Money Center and a Master Score of D is close to being the worst. Institutional holding has declined in the last reported quarter is a negative sign. Overall, the stock has poor technical strength and poor fundamentals, there are superior stocks in the current market environment. Disclaimer: This stock analysis report is algorithmically generated for informational purposes only and should not be considered as a buy or sell recommendation. (+)

IDFC First Bank Corporate Actions - Bonus, Splits, Dividends

Date Purpose Remarks
2024-10-26 Quarterly Results
2024-07-27 Quarterly Results
2024-05-30 Preferential issue of shares
2024-04-27 Audited Results Inter-alia, also discuss the enabling proposal to borrow funds during the next 1 (one) year from date of ensuing AGM)of the Bank by way of issuance of debt securities, on private placement basis.
2024-01-20 Quarterly Results

IDFC First Bank F&O

IDFC First Bank Shareholding Pattern

35.37%
2.39%
9.06%
19.57%
0%
25.6%
8.01%

About IDFC First Bank

IDFC FIRST Bank also known earlier as IDFC Bank is one of the most opted private sector banks which was formed by merging Infrastructure Development Finance Company and Capital First, a non-Bank Indian-based Financial Institution. IDFC FIRST Bank was the first universal bank that offered not only monthly interest credit on savings accounts but also lifetime free credit cards with dynamic and low annual percentage rates. 

They have gathered a whooping revenue of Rupees 22,728 crore in this current financial year. With over 22000 employees, IDFC FIRST Bank has an overall great performance which has brought profits from the  IDFCFIRSTB share prices.

Their headquarters is located in Mumbai, Maharashtra in India and Mr V Vaidyanathan is the current Managing Director and Chief Executive Officer of this bank. IDFC FIRST Bank is listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) as the IDFCFIRSTB stocks for investors to trade on IDFCFIRSTB shares. 

IDFC FIRST Bank has a very strong digital presence and provides online and mobile banking platforms to make banking processes easier remotely. As of late 2022, IDFC FIRST Bank held 36.38% promoter holding, 33.60% at institutional holding and rest 20.01% for public holding as IDFC FIRST Bank.

History of IDFC First Bank

IDFC LTD was first set up in 1997 as an infrastructure financial project but later in 2014, the Reserve Bank of India allowed IDFC to be a bank in the private sector. Since then IDFC Bank has been operating in multiple locations across the country including Madhya Pradesh, Delhi, Mumbai, Hyderabad, Bengaluru, Pune, Chennai, Ahmedabad and Kolkata. They have over 600 branches to date.

When the Reserve Bank of India appointed Mr V. Vaidyanathan as Managing Director and CEO, the merger of Infrastructure Development Finance Company and Capital First became effective. 13.9  of IDFCBFIRST shares were issued for every IDFCBFIRST stock purchase after the merger as a scheme. As per recent reports, IDFCBFIRST shareholders who purchased  IDFCBFIRST shares after 2021 will be receiving 155 IDFCBFIRST shares for every 100 shares they currently own in IDFC First Bank LTD.

Awards received by IDFC First Bank

● IDFCBFIRST -  ESG SUMMIT and Awards 2023 awarded by Transformance Forums
● IDFCBFIRST -  ESB Rising Star Award 2023  awarded  by UBS Forums
● IDFCBFIRST-  Most Preferred Workplace awarded  by Team Marksmen
● IDFCBFIRST - Best Innovative Payment Solution of the Year  awarded  by Kamikaze Media
● IDFCBFIRST - Excellence in Onboarding Program  awarded by The Economic Times Human Capital Awards

Important Facts about IDFC First Bank

● IDFC First Bank was formed in November 2015 through the merger of IDFC Bank and Capital First, an NBFC. The merger aimed to create a strong banking institution with enhanced capabilities.

● They offer a comprehensive range of financial products and services, including savings and current accounts, fixed deposits, loans (including personal, home, and business loans), credit cards, insurance products, and wealth management services.

● The bank also has a strong digital presence and offers online and mobile banking platforms for convenient and secure banking transactions. It has invested in digital technologies to enhance the customer experience and provide innovative banking solutions.

● IDFC First Bank is actively involved in CSR activities, focusing on areas such as education, healthcare, skill development, and environmental sustainability. The bank is committed to financial inclusion and aims to serve the underserved and unbanked segments of the population. It has undertaken initiatives to reach out to rural and semi-urban areas, providing tailored products and promoting financial literacy.


IDFC First Bank Ltd is a prominent private sector bank in India, formed through the merger of IDFC Bank and Capital First. The bank has a strong emphasis on financial inclusion and strives to serve underserved populations, particularly in rural and semi-urban areas. With a focus on digital banking, it provides convenient and secure online and mobile banking platforms. 
IDFC First Bank is listed on the NSE and BSE as IDFCFIRSTB shares, allowing investors to trade its shares. Overall, the bank's commitment to customer-centric services, technological advancements, and financial inclusion solidifies its position as a leading player in India's banking industry. 
 

(+)
  • NSE Symbol
  • IDFCFIRSTB
  • BSE Symbol
  • 539437
  • Managing Director & CEO
  • Mr. V Vaidyanathan
  • ISIN
  • INE092T01019

IDFC First Bank FAQs

IDFC First Bank share price is ₹66 As on 05 November, 2024 | 19:11

The Market Cap of IDFC First Bank is ₹48514.2 Cr As on 05 November, 2024 | 19:11

The P/E ratio of IDFC First Bank is 20.9 As on 05 November, 2024 | 19:11

The PB ratio of IDFC First Bank is 1.5 As on 05 November, 2024 | 19:11

Q2FY23
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