IDFC First Bank, formerly known as IDFC Bank, is a subsidiary of the IDFC Group and is listed on both the NSE and BSE. This post explores IDFC First Bank share price targets for 2024, 2025, and 2030. IDFC First Bank Share Price on NSE as of 19 August 2024 is 71.74 INR. IDFC Ltd holds a 4.029% stake, while the government holds a minority stake of 3.704%.
IDFC First Bank has delivered impressive returns to investors over the past few years. Listed on the NSE on 6 November 2015, the bank’s share price has risen from ₹51.95 to ₹84.70 in the last five years, giving a return of 55.70%. In the last year alone, the stock has gained ₹30 by 56.85%. The 52-week high is ₹100.70, while the 52-week low is ₹53.35.
IDFC First Bank Full Details
IDFC First Bank, established in 2015, emerged from the merger of IDFC Bank and Capital First Limited in December 2018. This bank offers a wide range of services, including savings and current accounts, fixed and recurring deposits, loans (personal, business, home, and auto), credit cards, insurance (life and general), wealth management solutions, and digital banking. Additionally, IDFC First Bank supports Small and Medium Enterprises (SMEs) with services like Working Capital Loans, Term Loans, Cash Management Services, and Trade Finance Solutions. By 2022, the bank had expanded to 809 branches and 925 ATMs nationwide. Mr. V. Vaidyanathan serves as the CEO of IDFC First Bank.
| Official Website | idfcfirstbank.com |
| CEO of IDFC First Bank | Mr. V. Vaidyanathan |
| IDFC First Bank’s ATMs (As of 2022) | 925 |
| IDFC First Bank’s Branches (As of 2022) | 809 |
| Category | Share Price |
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Overview of IDFC First Bank Share Price
- Open: 72.00
- High: 72.38
- Low: 71.60
- Mkt cap: 536.60B
- P/E ratio: 17.63
- Div yield:Â N/A
- 52-wk high:Â 100.70
- 52-wk low:Â 70.43
IDFC First Bank Share Price Graph
IDFC First Bank Share Price Target Tomorrow (2024 To 2030)
| IDFC First Bank Share Price Target Years | SHARE PRICE TARGETÂ |
| IDFC First Bank Share Price Target 2024 | ₹100 |
| IDFC First Bank Share Price Target 2025 | ₹120 |
| IDFC First Bank Share Price Target 2026 | ₹160 |
| IDFC First Bank Share Price Target 2027 | ₹225 |
| IDFC First Bank Share Price Target 2028 | ₹290 |
| IDFC First Bank Share Price Target 2029 | ₹355 |
| IDFC First Bank Share Price Target 2030 | ₹450 |
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IDFC First Bank Limited Fundamentals
| Particulars | Figures |
| Market Cap | ₹59,889(Cr) |
| P/E Ratio | 19.79 |
| Debt to Equity | NA |
| ROE | 9.85% |
| Book Value | 43.46 |
| Face Value | 10 |
IDFC First Bank Shareholding Pattern
| Particulars | Shareholding pattern |
| Promoters | 37.45% |
| Foreign Institutions (FII) | 24.30% |
| Domestic Institutions (DII) | 2.60% |
| Retail Investor | 32.26% |
| Mutual Funds | 3.40% |
*IDFC First Bank Limited is till December 2023.
IDFC First Bank Limited Financials 2023
| Particulars | Year (2023) |
| Revenue | ₹27,195(Cr) |
| Expenses | ₹23,864(Cr) |
| EBITA | ₹3,766(Cr) |
| Profit Before Tax | ₹3,331(Cr) |
| Net Profit | ₹2,485(Cr) |
*Financial Information is till 09-04-2024.
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FAQ
Q1. Is IDFC First Bank stock good to buy?
Ans. IDFC First Bank stock is considered a good buy by many investors due to its growth prospects and improving financial performance.
Q2. What is the target for IDFC First Bank?
Ans. The target for IDFC First Bank:- ₹92.70 in 2024, ₹107.75 in 2025, ₹126.90 in 2027, ₹157.25 in 2028, ₹174.75 in 2029, ₹195.15 in 2030
Q3. What is the target of IDFC in 2025?
Ans. IDFC First Bank Share Price Target 2025 lowest price is ₹93.55 and the highest is ₹107.75.
Q4. What is the share price target of IDFC Bank in 2024?
Ans. IDFC First Bank Share Price Target 2024 lowest price is ₹83.50 and the highest is ₹92.70.
I am Ankita Vasishtha, passionate about trading and deeply committed to sharing my knowledge and insights with individuals like you. With a solid understanding of market dynamics and a knack for identifying trends, I strive to empower you with the information you need to thrive in trading.