IDFC First Bank Price Target: Shares of private bank IDFC First rose by 9% today. Brokerage firms are bullish on this stock and have given a big target. Know how far the stock will run?
IDFC First Bank Share Price: There was a strong rise in the shares of private sector bank IDFC First Bank on Monday, July 27. The stock jumped nearly 9% after strong quarterly results. The biggest reason behind this rise is the positive reports of big brokerage houses. Many brokerages have increased their confidence on the stock, while one global brokerage has given a strong target price. If you have this stock in your portfolio or are planning to buy it, then first know why experts have become so bullish and how far the stock can go…
Why did IDFC First Bank Share run away?
Investor confidence has strengthened after the bank’s June quarter (Q1) results. After this, many brokerage houses increased their ratings and target prices. On Monday, the stock rose by about 9% to around ₹87.35. After this surge, the stock returned to positive returns in the year 2026 also.
How much will IDFC First Bank Share go for?
Global brokerage Investec has expressed the highest confidence in IDFC First Bank. Its new target price has been given at ₹ 115, which is ₹ 19 more than the old target price of ₹ 96. This means that there is a possibility of further rise in the stock even from the current level. The brokerage believes that the asset quality of the bank is continuously improving and growth is likely to continue in the times to come.
CLSA also bullish on IDFC First Bank shares
Brokerage CLSA has also increased the bank’s rating from ‘Hold’ to ‘Outperform’. Besides, the target price has also been increased from ₹73 to ₹95. According to CLSA, deposit growth in the bank remained strong. CASA ratio increased to around 51% and the situation of bad loans improved.
Nomura also increased the target of IDFC First Bank shares
Another big brokerage Nomura has also expressed its confidence. The brokerage has given a new target of ₹95, which was earlier ₹85. Nomura says the bank’s earnings may improve further in the coming years. Besides, the credit cost of the bank is also expected to remain under control.
What is IDFC First Bank’s estimate for FY27?
IDFC First Bank has also issued positive estimates for the current financial year. Loan growth target is 20%, Net Interest Margin (NIM) is 5.8%, RoA (Return on Assets) is around 1%. Apart from this, the estimate of credit cost has been reduced to 150-160 basis points. The bank also says that there are now signs of improvement in the microfinance business and a target of about 15% growth has been set in this segment.
What is the opinion of experts regarding IDFC First Bank Share?
Of the 27 analysts covering IDFC First Bank, 17 have recommended BUY. 6 have advised to HOLD and four have advised to SELL. That means most experts still seem positive about this stock.
Is there still a chance to buy?
Brokerage reports suggest that the bank’s asset quality, deposit growth and earnings are expected to improve. However, any investment decision in the stock market should not be taken just by looking at the target price. If you want to invest in this stock, then keep in mind your risk appetite, investment period and the opinion of a financial advisor.
Disclaimer: This article has been prepared for general information purposes only. The brokerage rating, target price and market related information given in it is based on public reports. Investing in the stock market is subject to risks. Before taking any investment decision, definitely consult your financial advisor.