As of January 27, 2025, IDFC First Bank’s share price is ₹61.80. Here’s a detailed analysis encompassing technical support, fundamental aspects, and future growth projections:
1. Company Overview
IDFC First Bank, established in 2018 through the merger of IDFC Bank and Capital First, is a prominent private-sector bank in India. It offers a diverse range of financial services, including retail banking, corporate banking, and wealth management
2. Technical Analysis
- Current Price: ₹61.80
- Support and Resistance Levels:
- Immediate Support: ₹60.00
- Immediate Resistance: ₹65.00
- Moving Averages:
- 10-Day Simple Moving Average (SMA): ₹62.50
- 50-Day SMA: ₹58.00
- 200-Day SMA: ₹55.00
3. Fundamental Analysis
- Market Capitalization: ₹45,592 crore
- Key Financial Ratios (9MFY24):
- Capital Adequacy Ratio: 16.73%Net Interest Margin: 6.36%Gross Non-Performing Assets (NPA): 2.04%Net NPA: 0.68%CASA Ratio: 46.8%Book Value: ₹44.51
4. Future Growth Aspects
- Digital Transformation: The bank is investing in digital platforms to enhance customer experience and operational efficiency.
- Retail Banking Expansion: Focus on increasing the retail customer base through personalized services and innovative products.
- Asset Quality Improvement: Efforts to reduce NPAs and improve asset quality are expected to bolster financial stability.
5. Expected Target for 2025
Analyst projections suggest a potential share price target of ₹90.98 to ₹93.64 by the end of 2025, indicating a possible upside of approximately 47% to 51% from the current price.
6. Conclusion
IDFC First Bank exhibits strong financial fundamentals and a positive growth trajectory. While the stock is currently trading above its key moving averages, investors should monitor support levels and broader market conditions. The projected share price targets for 2025 reflect optimism about the bank’s future performance.
