IDFC FIRST BANK SHARE PRICE TARGET 2024, 2025, 2026 to 2030

IDFC First Bank’s share price is trading at Rs. 82.7, as of 26th June 2024. Can the stock price reach 100 INR in 2024? 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 of its emphasis on offering cutting-edge and client-centered solutions. Yet as a shareholder, the crucial question remains: Is IDFC First Bank a smart stock to buy?

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 its growth trajectory over the past five years.

In addition, we will investigate the bank’s target share price for the years 2024 to 2030 based on several 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’s share price target from 2024 to 2030.

Below are the trading platforms that you can use to purchase IDFC First Bank shares:

➤ Zerodha

➤ Upstox

➤ Groww

➤ AngelOne

➤ ICICIDirect

IDFC First Bank Share Price Target: 2024 to 2030

IDFC First Bank Share Price Target 2024

IDFC First Bank Share Price Target 2025

IDFC First Bank Share Price Target 2026

IDFC First Bank Share Price Target 2027

IDFC First Bank Share Price Target 2028

IDFC First Bank Share Price Target 2029

IDFC First Bank Share Price Target 2030

Financial Condition of IDFC First Bank: Last 5 years

Over the past five years, IDFC First Bank has experienced fluctuating financial performance. Revenue increased from Rs. 12,204 crores in March 2019 to Rs. 30,325 crores in March 2024. However, financing profit has been negative, peaking at a loss of Rs. 3,748 crores in March 2020 and remaining in the negative until March 2024.

The financing margin also showed a negative trend, improving slightly to -7% in March 2024. Other income steadily increased, and despite significant expenses and interest costs, the bank achieved a profit before tax of Rs. 3,857 crores in March 2024. The net profit turned positive from March 2021, reaching Rs. 2,942 crores in March 2024, with an EPS of 4.16. The bank maintained a 0% dividend payout throughout these years.

FAQs

What is the current share price of IDFC FIRST BANK?

The current share price of IDFC FIRST BANK is subject to market fluctuations and can vary daily but is Rs 82.7 as of 26th June 2024.

What is the target share price for IDFC FIRST BANK in 2024?

The target share price for IDFC FIRST BANK in 2024 depends on several factors, including market conditions and company performance.

Can IDFC FIRST BANK’s share price reach 500 INR by 2030?

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 500 INR by 2030 is a significant growth target for the company.

What factors could contribute to IDFC FIRST BANK’s share price growth in the future?

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.

What is the average target share price for IDFC FIRST BANK in the coming years?

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.

What is the current recommendation for investing in IDFC FIRST BANK’s shares?

The current recommendation for investing in IDFC FIRST BANK’s shares may vary among financial experts and analysts, and investors should conduct their research before making any investment decisions.

Should investors consider investing in IDFC FIRST BANK’s shares for the long term?

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

Author: Neelam KushwahaNeelam Kushwaha is a Bachelor's student in Computer Science at Hansraj College with a keen interest in finance and the stock market. She is a senior editor at Financesrule, where she shares her insights and expertise in researching stock price predictions. Neelam's analytical skills and unique perspectives make her a valuable asset to the financial community. In her free time, she enjoys reading and traveling.

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