If you are looking for “IDFC First Bank share price targets” for upcoming years you are in the right place. Before we dive into IDFC First Bank stock price targets, Let’s understand the IDFC First Bank company background, technical fundamentals etc.
About IDFC First Bank Limited
IDFC First Bank is a bank which focus on finance and mobilization of capital for private sector infrastructure development, it came into force in 1997. In 2015 they got approval from RBI to setup a bank for the private sector. The demerger of the infrastructure created IDFC Bank, and they transferred the lending business of IDFC to IDFC Bank in 2015.
Fundamentals of IDFC First Bank
Let’s look at the fundamentals of IDFC First Bank, based on which we can get a clear understanding of the expertise in the banking sector.
- Current Market Cap: The current market cap of IDFC First Bank as of July 16 2022, is ₹ 20,740.65 Cr.
- P/E Ratio: The current price to earning ratio of IDFC First Bank is 142.58.
- CAR: 13.77
- Profit Growth: Profit growth is around 115.79 % over the period of time.
IDFC First Bank Price Target Details
We have done a complete analysis of IDFC First Bank and have come up with its share price targets for upcoming years.
Note: These “IDFC First Bank” price targets are only for reference purposes. This prediction is only if there are positive market sentiments, and any uncertainties in the company or global market condition are not covered in this analysis.
IDFC First Bank share price target 2023
After analysing the chart deeply by taking the monthly time frame analysis on the trading view chart of IDFC First Bank we found,
The target share price of IDFC First Bank for the year 2023 will be ₹102
IDFC First Bank share price target 2024
The target share price of IDFC First Bank for the year 2024 will be ₹130
IDFC First Bank share price target 2025
The target share price of IDFC First Bank for the year 2025 will be ₹180
IDFC First Bank share price target 2026
The target share price of IDFC First Bank for the year 2027 will be ₹240
IDFC First Bank share price target 2027 to 2030
The target share price of IDFC First Bank for the years 2027, 2028, 2029, and 2030 will be ₹320, ₹390, ₹420, and ₹520 respectively.
| Year | IDFC First Bank 1st Share Price Targets (₹) | IDFC First Bank 2nd Share Price Targets (₹) |
|---|---|---|
| 2022 | 85 | 95 |
| 2023 | 102 | 120 |
| 2024 | 130 | 150 |
| 2025 | 180 | 210 |
| 2026 | 240 | 290 |
| 2027 | 320 | 340 |
| 2028 | 390 | 400 |
| 2029 | 420 | 480 |
| 2030 | 520 | 600 |
Technical Analysis of IDFC First Bank’s Recent Price Movements
As of September 21, 2023, the current stock price of IDFC First Bank is ₹93.4.
52-Week High and Low
- 52-Week High: ₹101
- 52-Week Low: ₹46.1
Potential Bullish Targets
- Initial Target: ₹98 – Based on the 50-day moving average and recent momentum.
- Intermediate Target: ₹105 – A break above the 52-week high could lead to this level.
- Advanced Target: ₹115 – Based on Fibonacci extensions and historical resistance levels.
Potential Bearish Targets
- Initial Target: ₹88 – Near the 200-day moving average.
- Intermediate Target: ₹80 – Previous support level.
- Advanced Target: ₹70 – Based on Fibonacci retracements and historical lows.
Conclusion and Opinion
The stock has shown a strong performance with a market capitalization of ₹62,761 Cr. The company has a good Net Interest Margin of 6.36% and a Capital Adequacy Ratio of 16.06%. However, it has a low return on equity of 5.18% over the last 3 years.
Based on the metrics and the technical analysis, the stock seems to have both bullish and bearish potentials. However, given the company’s strong financials and the current market sentiment, a bullish outlook seems more likely in the near term.
Metrics Referenced
- Current Price: ₹93.4
- 52-Week High: ₹101
- 52-Week Low: ₹46.1
- Market Cap: ₹62,761 Cr.
- Net Interest Margin: 6.36%
- Capital Adequacy Ratio: 16.06%
- Return on Equity: 5.18% (Last 3 years)
Very Good Article with complete analysis