In the last few months, most of the mid-cap banks and PSU banks have given massive returns. As per many analysts and investors, the banking sector will give more profits in the upcoming 1 to 2 years. As of now, it is a big opportunity for the investors to get big IDFC First Bank share price targets for 2024, 2024, and 2030.
In the last 5-6 months of 2023, almost every good PSU bank gave massive returns and most of the PSUs are still very bullish according to the technical analysis and analysts rating. IDFC First Bank is one of the stocks that have given a massive return of 90% in 2023.
In this article, we will share some fundamental information, technical analysis, and IDFC Bank share price analysis by some experienced analysis. We will also share some investing rules to reduce loss & increase profit, etc. to understand the stock in depth and to make better decisions for the stock.
Related Posts:
- Vodafone Idea Share Price Target 2024, 2025, and 2026
- Jio Financial Services Share Price Target 2024, 2025, and 2026
- Best Electric Vehicle (EV) Stocks in India
About IDFC First Bank
IDFC First Bank is an Indian private-sector bank. The bank was founded in 2014. As of now, the managing director of the IDFC First Bank is Mr. V. Vaidyanathan.
The bank is a mid-cap bank but provides all the banking and many finance services and products a large-cap bank provides. Below are some services and products that IDFC First Bank provides to its customers.
- Accounts: IDFC First Bank provides many types of accounts to its customers like Savings Accounts, Corporate Salary Accounts, Senior Citizens Savings Accounts, First Power Accounts, Current Accounts, NRI Savings Accounts, TASC Institutional Accounts, etc.
- Deposit: Deposit is one of the best ways for banks to make extra money from people’s money, there are many types of deposit services the bank provides like Fixed Deposit, Recurring Deposit, NRI Fixed Deposit, and Safe Deposit Locker.
- Loans: The bank provides a wide range of loans for everyone like Personal loans, Consumer Durable loans, Home loans, Education loans, New Car loans, Pre-owned car loans, Gold loans, Loan Against Property, and many more.
- Others: The IDFC First Bank also provides many types of credit cards, investment services, life insurance, health insurance, and many types of payment-related services.
Company Fundamentals
Company Fundamentals help investors to know about the company in every detail. With the help of fundamental information of any company, the investors decide whether the company can give good returns or not.
Below we are sharing some important data about the IDFC First Bank Company, it will help you to analyze the company for investment. As a result, you can make the right decision.
Note: We strongly recommend you cross-check the below-mentioned information with your trusted website/broker, source, etc. The information was last updated on 17 Feb 2024.
And here are some best trading apps that allow you to buy and sell stocks online in India.
 Rating: 9.8/10 |  Rating: 9.1/10 |
 Rating: 8.5/10 |  Rating: 8.6/10 |
Net Profit & Loss (Yearly)
| Year | Net Profit & Loss (In Crore) |
|---|---|
| March 2019 | -₹1,908 |
| March 2020 | -₹2,843 |
| March 2021 | ₹483 |
| March 2022 | ₹132 |
| March 2023 | ₹2,485 |
Net Profit & Loss (Quarterly)
| Quarter | Net Profit & Loss (In Crore) |
|---|---|
| Dec 2022 | ₹617 |
| Mar 2023 | ₹816 |
| Jun 2023 | ₹732 |
| Sep 2023 | ₹747 |
| Dec 2023 | ₹732 |
Company Fundamentals
| Market Cap | ₹58,587Cr | ROE | 9.85% |
| P/E Ratio (TTM) | 19.37 | EPS (TTM) | 4.28 |
| P/B Ratio | 1.91 | Div Yield | 0.00% |
| Industry P/E | 14.24 | Book Value | 43.47 |
| Debt to Equity | NA | Face Value | 10 |
Shareholding Pattern
| Held By | Jun 2023 | Sep 2023 | Dec 2023 |
|---|---|---|---|
| FIIs | 20.85% | 24.48% | 24.30% |
| DIIs | 7.71% | 5.58% | 6.63% |
| Public | 27.54% | 26.66% | 27.90% |
| Promoters | 39.93% | 39.37% | 37.45% |
| Government | 3.97% | 3.92% | 3.72% |
Key Points
- In the last 3 years the company has given a massive profit growth of approx 42%, the profit is very high as compared to many banking stocks.
- The financials of the IDFC First Bank are very stable, which means the past data of the bank is strong.
- As of 3. October the stock is trading at a very high premium valuation, which means people are buying the stock at a high premium because they are expecting good returns in the future.
- In the last 1 year, the promoters have increased their holdings in the stock from 36.47% to 39.37%.
- The ROE of the company seems very poor as of now it is at 4.64%.
Quarterly Results
From the last 3 quarters, the IDFC Bank’s net profit is almost flat which means there is no growth in the net profit over the last 3 quarters. If it continues to make less net profit then the stock may fall or go in a downward trend.
Thumb Rules for Investing
A lot of experts have given some rules to follow while investing to get a higher return and avoid huge losses. These are the common rules for almost all sectors and almost every experienced investor applies these rules while investing in the stock market.
Rule #1: Do not invest all the money in one sector’s stocks. No matter what is the future of the sector. In case, you invested all the money in one sector, if the sector faces any issue then you’ll be in a huge loss.
Rule #2: Invest a maximum of 5% – 6% of the total money in any stock. Suppose you have Rs. 1 Lakh and invest only 5000 – 6000 in any stock. This rule is applicable when you are retail, and can not track all the stocks.
Rule #3: Invest in a maximum of 2-3 stocks of a sector. When any sector faces problems then other sectors’ stock will save you from huge losses.
Rule #4: Invest in stock when the stock the available at a 10% low from its 52-week high. Some people invest in stocks at high, and as a result, they do not get good returns on their investments.
Rule #5: Invest in stocks for at least 5 – 7 years to get very high returns. Keep booking the profit from time to time.
Rule #6: Keep averaging the stock if everything is right in the company and the stock is available at a high discount due to any market crash.
Rule #7: Before Investing in any stock make sure you check its fundamental and related news. It will help you to stay away from the stock which can give you huge losses.
IDFC First Bank Share Price Target
IDFC First Bank is a mid-cap bank and the small and mid-cap companies are very volatile. However, the bank’s financials are very strong that’s why it is trading at a very high premium and still investors are interested in buying the stock.
In the last 1 year, many small banks have massive returns like IDFC First Bank, Canara Bank, etc. Commonly, the stock is taking a rest i.e. consolidating in a range. Once it breaks the levels again we may see a major move on any side.
Keep your eye on these types of financially strong banking stocks because the banking sector has given almost 0retirn in the previous years. According to many analysts, the banking sector will give massive returns in the next few years.
Note: We are not SEBI registered and we do not take any responsibility for any loss or profit. We are sharing this post only and only for educational purposes. We strongly suggest you do your analysis (fundamental and technical) before investing in any stocks.
IDFC Bank Share Price Target 2024
In Sep 2023, IDFC First Bank made a new all-time high at Rs. 100.70 and now trading at Rs. 82.85 as of 17 Feb 2024. Roughly the stock is down approximately 18% from its all-time high but it is trading at a very high valuation.
IDFC First Bank is facing a very storm support at Rs. 80.55 case if the support breaks then we can see some fall in the IDFC First Bank stock in the short term.
and we can see a small fall in the stock or consolidation for a few weeks or months. Because the investors who bought the stock at a low price may book some profit, As a result, the IDFC First Bank stock may fall.
As it is a strong support then the stock can also take a pull back from the support and go upside. So, check for the patterns formed in the higher timeframe (daily timeframe) to take any short-term opportunity.
IDFC First Bank Share Price Target 2025
In 2025, The IDFC First Bank may perform better and give a good return on investments to their investors. The performance of the stock in 2025 also depends on the profit and revenue of the banking company.
As we have seen in the last 12 months, the stock has given more than 165% return to their investors. If everything goes above average to good then most probably the IDFC First Bank Share Price Target 2025 may be Rs. 110 – 120.
In the below chart, you can see the stock is at an all-time high so, there is no resistance to know what will happen. The next move will depend upon the company profits, news, fundaments, major action, etc.
IDFC First Bank Share Price Target 2030
It is a very long time so the return on the investment can be very high. There is a very high chance that the stock can be a multi-bagger stock in the next 7 years. Hope you know that in long-term investments the major problem people exit very quickly without any technical and fundamental analysis.
Some analysts expect that the IDFC First Bank share price in 2030 should cross the rs. 200 – 250 very easily.
Note: It is a long time so keep tracking the stock (technical and fundamental) regularly. Do not forget to check all the latest news as well. It’s is good investor sign and I know you are a very good investor.
FAQs
As we shared above it’s a very long time investment. If everything goes correctly in the upcoming years there is a very high chance that the stock will give a return like a multi-bagger stock. According to some experienced analytics, IDFC First Bank’s Target Price is Rs. 250 – 300.
In 2025, it is highly expected that the stock will touch the price of Rs. 150 – 170. So, buy the stock at a low price when it is available and follow the rules for better returns and to avoid huge losses.
IDFC First Bank is a good stock to invest in as the financials of the bank are very stable but it is trading at a very high valuation. This means investing all the money at a very high premium is very risky until you have full confidence in the bank.
Final Words: As per experts IDFC First Bank has huge potential to give very high returns in the upcoming years. In the year 2023, the stock has given more than 90% return which is very high for an investor. Still, the stock has a very high chance of giving a good return to its investors.
As per your request, we shared IDFC First Bank Target Price 2024, 2025, and 2030. Remember, the target changes with time and data. So, keep visiting the page to see the latest updated content.