IDFC First bank share price is trading at Rs.78, as of June 23rd, 2023. This bank has given more than 50% returns in the last 6 months. Can the stock price reach 100INR in 2023? Let’s find out.
A significant player in India’s banking industry is IDFC First Bank. The bank has been successful in carving out a significant niche in the market because to its emphasis on offering cutting-edge and client-centered solutions. Yet as a shareholder, the crucial query is still: Is IDFC First Bank a smart stock to buy?
In order to decide whether investing in IDFC First Bank is a wise long-term decision, we will examine the bank’s financials in this article and examine its growth trajectory over the past five years.
In addition, we will investigate the bank’s target share price for the years 2023 to 2030 based on a number of variables, including income growth, PAT, revenue growth, profit growth, and market trends. then let’s get going and see if investing in IDFC First Bank is a good idea.
Keep reading to find IDFC First bank share price target from 2023 to 2030.
Latest news about IDFC First Bank
➤IDFC First Bank hits its 52-week high at Rs 84.50 in June, 2023 .
➤FPIs recently raised their stakes in companies like IDFC First Bank, Axis Bank etc.
Below are the trading platforms that you can use to purchase IDFC First Bank shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| June 2023 | ₹85.47 | ₹68.82 |
| July 2023 | ₹89.16 | ₹68.59 |
| August 2023 | ₹83.78 | ₹64.45 |
| September 2023 | ₹87.97 | ₹67.67 |
| October 2023 | ₹83.78 | ₹64.45 |
| November 2023 | ₹92.16 | ₹70.89 |
| December 2023 | ₹103.22 | ₹79.40 |
According to the share price predictions for IDFC First Bank in 2023, it is anticipated that the stock will experience fluctuations throughout the year. In June, the maximum projected price is expected to reach INR85.47, while the minimum is estimated at INR68.82. Moving into July, the share price is forecasted to range between INR89.16 and INR68.59. August may see a slight decline, with the price ranging from INR83.78 to INR64.45.
However, September could bring a potential rebound with a projected range of INR87.97 to INR67.67. October is predicted to mirror the price range seen in August. By November, a notable increase in the maximum price is anticipated, reaching INR92.16, with the minimum expected at INR70.89. Finally, in December, the share price is predicted to reach its highest point for the year, with a maximum target of INR103.22 and a minimum of INR79.40.
In the context of these predictions, it is worth mentioning that Morgan Stanley has maintained its ‘equalweight’ rating for IDFC First Bank. The financial institution has set a price target of INR80.00 for the bank’s shares. This indicates that Morgan Stanley believes the stock’s performance will align with the overall market average, without a significant bias towards either outperforming or underperforming.
| When | Maximum Price | Minimum Price |
| January 2024 | ₹108.65 | ₹83.58 |
| February 2024 | ₹122.08 | ₹101.73 |
| March 2024 | ₹128.50 | ₹104.47 |
| April 2024 | ₹116.82 | ₹89.86 |
| May 2024 | ₹97.35 | ₹74.89 |
| June 2024 | ₹116.82 | ₹89.86 |
| July 2024 | ₹99.30 | ₹76.98 |
| August 2024 | ₹109.23 | ₹86.69 |
| September 2024 | ₹114.69 | ₹88.22 |
| October 2024 | ₹134.93 | ₹103.79 |
| November 2024 | ₹141.68 | ₹108.98 |
| December 2024 | ₹144.51 | ₹111.16 |
It is simple to say that the IDFC FIRST BANK share price target for 2024 suggests that the bullish trend from the previous year will continue. The maximum share price target for the year is expected to be ₹144.51 in December, which is significantly higher than the maximum price target of the previous year. However, the minimum share price target for May 2024 is ₹74.89, which is lower than the minimum price of the previous year, indicating potential bearish pressure.
Investors should keep in mind that stock prices are subject to various market forces, and fluctuations are common. The returns on investments made in IDFC FIRST BANK shares in 2024 will depend on a range of factors, such as company performance, economic conditions, and market trends.
| When | Maximum Price | Minimum Price |
| January 2025 | ₹147.40 | ₹113.38 |
| February 2025 | ₹155.16 | ₹119.35 |
| March 2025 | ₹162.91 | ₹125.32 |
| April 2025 | ₹145.46 | ₹111.89 |
| May 2025 | ₹132.24 | ₹101.72 |
| June 2025 | ₹145.46 | ₹111.89 |
| July 2025 | ₹138.53 | ₹106.56 |
| August 2025 | ₹144.31 | ₹111.00 |
| September 2025 | ₹151.52 | ₹116.55 |
| October 2025 | ₹160.61 | ₹123.55 |
| November 2025 | ₹171.85 | ₹132.20 |
| December 2025 | ₹175.29 | ₹134.84 |
It is much obvious that the IDFC FIRST BANK share price target for 2025 indicates a steady growth trend with the maximum target price of ₹175.29 and a minimum target price of ₹101.72. The average target price for the year is around ₹150, which is significantly higher than the previous year. This suggests that the company is expected to continue performing well, and investors may potentially enjoy a good return on their investments. It is always important to conduct thorough research and analysis before making any investment decisions. Overall, the IDFC FIRST BANK share price target for 2025 appears to be positive, and investors may consider including it in their investment portfolios.
| Year | Maximum Price | Minimum Price |
| 2023 | ₹103.22 | ₹40.69 |
| 2024 | ₹144.51 | ₹83.58 |
| 2025 | ₹175.29 | ₹111.89 |
| 2026 | ₹122.70 | ₹85.89 |
| 2027 | ₹104.30 | ₹73.01 |
| 2028 | ₹187.74 | ₹131.42 |
| 2029 | ₹385.64 | ₹269.95 |
| 2030 | ₹429.46 | ₹300.63 |
It can be clearly said that the IDFC FIRST BANK share price target for the years 2026 to 2030 suggests a mixed trend, with some years showing an upward trend and others showing a downward trend. The maximum target price for 2026 is ₹122.70, while the minimum target price is ₹85.89. For 2027, the maximum target price is ₹104.30, and the minimum target price is ₹73.01. In 2028, the maximum target price is ₹187.74, and the minimum target price is ₹131.42. For 2029, the maximum target price is ₹385.64, while the minimum target price is ₹269.95. Finally, for 2030, the maximum target price is ₹429.46, while the minimum target price is ₹300.63. Overall, the IDFC FIRST BANK share price target for 2026 to 2030 indicates that the company is likely to experience some growth potential in the coming years.
Financial Condition of IDFC First Bank: Last 5 years
| Year | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|
| Revenue
(in crores) |
12,204 | 16,240 | 15,968 | 17,173 | 22,728 |
| Interest
(in crores) |
8,743 | 10,228 | 8,585 | 7,465 | 10,091 |
| Expenses+
(in crores) |
4,702 | 9,760 | 8,733 | 12,323 | 13,773 |
| Financing Profit
(in crores) |
-1,241 | -3,748 | -1,350 | -2,615 | -1,136 |
| Financing
Margin (%) |
-10% | -23% | -8% | -15% | -5% |
| Other Income+
(in crores) |
824 | 1,722 | 2,211 | 3,173 | 4,467 |
| Depreciation
(in crores) |
2,820 | 320 | 343 | 382 | 0 |
| Profit before
tax (in crores) |
-3,237 | -2,346 | 519 | 175 | 3,331 |
| Tax % | 41% | -21% | 7% | 24% | 25% |
| Net Profit+
(in crores) |
-1,908 | -2,843 | 483 | 132 | 2,485 |
| EPS (in Rs) | -3.99 | -5.91 | 0.85 | 0.21 | 3.75 |
| Dividend
Payout (%) |
0% | 0% | 0% | 0% | 0% |
Analyzing the financial data of IDFC First Bank from 2019 to 2023, several key trends and figures stand out. The bank’s revenue experienced a consistent growth trajectory, increasing from ₹12,204 crores in March 2019 to ₹22,728 crores in March 2023. However, the interest expenses varied over the years, reaching a peak of ₹10,228 crores in March 2020 and fluctuating around ₹8,585-10,091 crores in subsequent years.
Despite facing challenges in terms of expenses, with a notable surge to ₹12,323 crores in March 2022, IDFC First Bank managed to improve its financing profit margin from -10% in March 2019 to -5% in March 2023. The bank also witnessed a consistent growth in other income, climbing from ₹824 crores in March 2019 to ₹4,467 crores in March 2023.
The financials indicate a recovery and positive momentum for IDFC First Bank, reflected in improved profit before tax, net profit, and earnings per share figures over the years.
IDFC First Bank has been downgraded to an ‘underperform’ rating by CLSA, with a target price of INR85.00.
Brokerage firm Religare has recently suggested to buy IDFC First Bank with a price projection of Rs 64-70 .
Geojit has suggested to buy IDFC First Bank with a price prediction of Rs 75.
FAQS
The current share price of IDFC FIRST BANK is subject to market fluctuations and can vary on a daily basis but is Rs 76.95 as on June 23rd 2023.
The target share price for IDFC FIRST BANK in 2023 is not certain and depends on several factors, including market conditions and company performance.
It is difficult to predict the exact share price of any company for a given year in the future, including IDFC FIRST BANK. However, reaching 500INR by 2030 is a significant growth target for the company.
Factors that could contribute to IDFC FIRST BANK’s share price growth include the overall performance of the banking industry, the company’s financial performance and profitability, and market conditions.
The average target share price for IDFC FIRST BANK in the coming years is subject to change and will depend on various factors, including market conditions and the company’s financial performance.
The current recommendation for investing in IDFC FIRST BANK’s shares may vary among financial experts and analysts, and investors should conduct their own research before making any investment decisions.
Investing in IDFC FIRST BANK’s shares for the long term may be suitable for some investors, depending on their investment goals and risk tolerance. However, it is important to conduct thorough research and seek professional advice before making any investment decisions.
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Conclusion
In conclusion, the financial data of IDFC First Bank from 2019 to 2023 reveals a mix of challenges and improvements. Despite fluctuations in interest expenses and increasing operating costs, the bank demonstrated resilience and managed to enhance its revenue. Notably, IDFC First Bank made progress in narrowing its financing profit margin, indicating a positive shift in its financial performance. Additionally, the bank experienced consistent growth in other income, contributing to its overall profitability. These developments are reflected in improved profit before tax, net profit, and earnings per share figures over the years. While the bank still faces certain hurdles, the financial data suggests a positive trajectory and a potential for continued growth in the future.
Whether to buy and sell IDFC First Bank shares is for you to decide. I personally do not hold IDFC shares, but may take positions if the price drops below 70INR.
What did we learn?
- 1 Latest news about IDFC First Bank
- 2 How to purchase IDFC First Bank shares?
- 3 IDFC First Bank Share Price Prediction: 2023 to 2030
- 4 Financial Condition of IDFC First Bank: Last 5 years
- 5 IDFC First Bank Share price target by Experts
- 6 FAQS
- 6.1 What is the current share price of IDFC FIRST BANK?
- 6.2 What is the target share price for IDFC FIRST BANK in 2023?
- 6.3 Can IDFC FIRST BANK’s share price reach 500INR by 2030?
- 6.4 What factors could contribute to IDFC FIRST BANK’s share price growth in the future?
- 6.5 What is the average target share price for IDFC FIRST BANK in the coming years?
- 6.6 What is the current recommendation for investing in IDFC FIRST BANK’s shares?
- 6.7 Should investors consider investing in IDFC FIRST BANK’s shares for the long term?
- 7 Conclusion
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