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.
- 1 About IDFC First Bank Limited
- 2 IDFC First Bank Price Target Details
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.
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 2022 will be ₹85
The target share price of IDFC First Bank for the year 2023 will be ₹102
The target share price of IDFC First Bank for the year 2024 will be ₹130
The target share price of IDFC First Bank for the year 2025 will be ₹180
The target share price of IDFC First Bank for the year 2027 will be ₹240
The target share price of IDFC First Bank for the years 2027, 2028, 2029, and 2030 will be ₹320, ₹390, ₹420, and ₹520 respectively.
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