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Rupee eyes RBI policy decision, US inflation data to follow The Indian rupee's direction on Thursday will be impacted by the central bank's policy decision and how market participants want to position themselves before U.S. inflation data. Non-deliverable forwards indicate the rupee will open barely changed to the U.S. dollar from 82.8150 on Wednesday. In the last two sessions, the currency has been in the range of around six paisa. The Reserve Bank of India (RBI) has possibly been selling dollars to prevent the rupee from weakening belo...
Rupee eyes RBI policy decision, US inflation data to follow
Rupee eyes RBI policy decision, US inflation data to follow
Source: Reuters
10/08/2023 8:47:26 AM
Add IDFC FIRST Bank Ltd For Target Rs. 95 - ICICI Securities Ltd Rising execution leading to more consistent delivery; We see amongst highest loan and PAT growth for FY23-25E IDFC First Bank (IDFCFB) has once again reported strong quarterly earnings in Q1FY24 with PAT at INR 7.65bn, (up 61% YoY; in line with our estimates) driven by strong loan growth and moderating cost-income leading to rising core RoA, while net NPAs are down QoQ for the 8th consecutive quarter. The bank has delivered over 1% RoA and >24% YoY loan growth for the 4th consecutive qu...
Add IDFC FIRST Bank Ltd For Target Rs. 95 - ICICI Securities Ltd
Add IDFC FIRST Bank Ltd For Target Rs. 95 - ICICI Securities Ltd
Source: ICICI Securities Ltd
4/08/2023 11:01:48 AM
Stock of the day : Buy IDFC First Bank Ltd For Target Rs. 93 - Religare Broking Ltd IDFC First Bank Ltd * IDFC First bank has been gradually inching higher from the past 10 months and has closed near the record highs. * The stock has witnessed a breakout from the base while holding above the support zone of short term moving average i.e. 20 EMA. * The price action combined with the uptick in volumes, indicates bullish tone to continue. * We thus recommend creating fresh longs in the mentioned zone.   Buy IDFC First Bank Ltd CMP 87.20; Range 86...
Stock of the day : Buy IDFC First Bank Ltd For Target Rs. 93 - Religare Broking Ltd
Stock of the day : Buy IDFC First Bank Ltd For Target Rs. 93 - Religare Broking Ltd
Source: Religare Broking Ltd
1/08/2023 11:01:17 AM
IDFC First Bank gains on reporting 51% rise in Q1 consolidated net profit IDFC First Bank is currently trading at Rs. 84.67, up by 0.73 points or 0.87% from its previous closing of Rs. 83.94 on the BSE. The scrip opened at Rs. 85.55 and has touched a high and low of Rs. 85.55 and Rs. 84.10 respectively. So far 1219754 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 86.08 on 27-Jul-2023 and a 52 week low of Rs. 36.75 on 29-Jul-2022. Last one week high and low of the scrip stood at Rs....
IDFC First Bank gains on reporting 51% rise in Q1 consolidated net profit
IDFC First Bank gains on reporting 51% rise in Q1 consolidated net profit
Source: Accord Fintech
31/07/2023 10:51:49 AM
Stock Picks : Escorts Kubota Ltd and IDFC First Bank Ltd By ICICI Direct Escorts Kubota Ltd Buy Escorts Kubota Ltd @2430-2434; Target 2462.00; Stop Loss 2418.00   IDFC First BankLtd Buy IDFC First Bank Ltd @84.50-84.80; Target 86.20; Stop Loss 83.90   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   Above views are of the author and not...
Stock Picks : Escorts Kubota Ltd and IDFC First Bank Ltd By ICICI Direct
Stock Picks : Escorts Kubota Ltd and IDFC First Bank Ltd By ICICI Direct
Source: ICICI Direct
27/07/2023 11:44:27 AM
India forex reserves top $600 billion, rise to near 15-month high India's foreign exchange reserves rose for a third straight week to total $609.02 billion as of July 14, the highest in nearly 15 months, data from the central bank showed on Friday. They rose by $12.74 billion from the week earlier - the biggest gain in four months - having risen by a total of $3.08 billion in the prior two weeks. "A major portion of the week-on-week jump in forex reserves is driven by revaluation gains due to dollar weakness and reduction in U.S. Treasury yie...
India forex reserves top $600 billion, rise to near 15-month high
India forex reserves top $600 billion, rise to near 15-month high
Source: Reuters
21/07/2023 6:27:45 PM
India`s IDFC Bank looks to raise 20 billion rupees in fiscal 2024 India's IDFC First Bank is looking to raise 20 billion rupees ($243.84 million) in equity capital in the second half of the current financial year, a source familiar with the matter said. The fund raise follows a reverse merger between parent IDFC Ltd and IDFC First Bank announced earlier this month. IDFC First Bank has board approval to raise 40 billion rupees. It has already raised close to half that amount through a preferential allotment to IDFC Ltd. The remaining amount of a...
India`s IDFC Bank looks to raise 20 billion rupees in fiscal 2024
India`s IDFC Bank looks to raise 20 billion rupees in fiscal 2024
Source: Reuters
20/07/2023 3:13:40 PM
Nine banks reported double-digit percentage gains in market capitalization led by IDFC First Bank Eighteen of India's 20 largest banks saw increases in market capitalization in the second quarter, boosted by a stock rally amid the banking sector's strong recovery, according to S&P Global Market Intelligence data and analysis. Nine banks reported double-digit percentage gains in market capitalization, led by IDFC First Bank Ltd. with a 44.53% climb to $6.41 billion. The lender rose to No. 11 from No. 14 in the ranking. IDBI Bank Ltd. climbed three spots to No. 8 after a 2...
Nine banks reported double-digit percentage gains in market capitalization led by IDFC First Bank
Nine banks reported double-digit percentage gains in market capitalization led by IDFC First Bank
Source: IANS
13/07/2023 4:40:40 PM
IDFC FIRST Bank rises on collaborating with Club Vistara, Mastercard IDFC First Bank is currently trading at Rs. 84.17, up by 1.36 points or 1.64% from its previous closing of Rs. 82.81 on the BSE. The scrip opened at Rs. 83.16 and has touched a high and low of Rs. 84.39 and Rs. 83.00 respectively. So far 2158138 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 84.52 on 19-Jun-2023 and a 52 week low of Rs. 33.05 on 15-Jul-2022. Last one week high and low of the scrip stood at Rs....
IDFC FIRST Bank rises on collaborating with Club Vistara, Mastercard
IDFC FIRST Bank rises on collaborating with Club Vistara, Mastercard
Source: Accord Fintech
12/07/2023 11:43:08 AM
IDFC First Bank rises on recording 25% growth in loans and advances during Q1FY24 IDFC First Bank is currently trading at Rs. 80.50, up by 0.17 points or 0.21% from its previous closing of Rs. 80.33 on the BSE. The scrip opened at Rs. 80.35 and has touched a high and low of Rs. 81.09 and Rs. 79.75 respectively. So far 1840112 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 84.52 on 19-Jun-2023 and a 52 week low of Rs. 33.05 on 15-Jul-2022. Last one week high and low of the scrip stood at Rs....
IDFC First Bank rises on recording 25% growth in loans and advances during Q1FY24
IDFC First Bank rises on recording 25% growth in loans and advances during Q1FY24
Source: Accord Fintech
6/07/2023 3:01:05 PM
Quote on IDFC Ltd & IDFC First Bank merger By Dr. V K Vijayakumar, Geojit Financial Services Below Quote on IDFC Ltd & IDFC First Bank merger 04 July 2023 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services IDFC’s proposed merger with IDFC Bank, on the line of the reverse merger of the parent HDFC Ltd with HDFC Bank indicates the consolidation happening in the Indian banking system. This is a healthy development. IDFC Bank has been constrained by its high cost borrowing and this high cost-income ratio has been weighing on pr...
Quote on IDFC Ltd & IDFC First Bank merger By Dr. V K Vijayakumar, Geojit Financial Services
Quote on IDFC Ltd & IDFC First Bank merger By Dr. V K Vijayakumar, Geojit Financial Services
Source: Geojit Financial Services
4/07/2023 4:49:27 PM
IDFC Ltd, IDFC Financial Holding to merge with IDFC FIRST Bank It seems to be a merger season in the Indian banking sector. On Monday, the Board of Directors of listed IDFC FIRST Bank Ltd approved the composite scheme of amalgamation amongst IDFC Financial Holding Company Ltd, IDFC Ltd and the bank. The IDFC FIRST Bank and IDFC Ltd are listed on the bourses while IDFC Financial Holding is not. The new amalgamation comes soon after HDFC merged with HDFC Bank Ltd. The IDFC group rejig scheme is a two-step process. As per the amalgamation scheme...
IDFC Ltd, IDFC Financial Holding to merge with IDFC FIRST Bank
IDFC Ltd, IDFC Financial Holding to merge with IDFC FIRST Bank
Source: IANS
4/07/2023 10:24:08 AM
Stock Picks : HPCL Ltd and IDFC First Bank Ltd By ICICI Direct HPCL Ltd Buy HPCL Ltd @274-275 CMP 275.00; Target 279.00; Stop Loss 272.70   IDFC First Bank Ltd Sell IDFC First Bank Ltd @78.6-79 CMP 77.60; Target 77.20; Stop Loss 79.40   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   Above views are o...
Stock Picks : HPCL Ltd and IDFC First Bank Ltd By ICICI Direct
Stock Picks : HPCL Ltd and IDFC First Bank Ltd By ICICI Direct
Source: ICICI Direct
23/06/2023 10:49:22 AM
About 80% of Indians choose to deposit withdrawn 2000-rupee notes, boost bank deposits - bankers About three-fourths of Indians are choosing to deposit the recently withdrawn 2000-rupee notes into bank accounts so far rather than exchanging them for smaller denominations, with the trend likely to boost bank deposits, bankers said. In May, the Reserve Bank of India (RBI) said it would withdraw these high-value notes from circulation and permitted their exchange or deposit until Sept. 30. Exchange is only permitted up to 20,000 rupees per turn, while there is no limit on depositing t...
About 80% of Indians choose to deposit withdrawn 2000-rupee notes, boost bank deposits - bankers
About 80% of Indians choose to deposit withdrawn 2000-rupee notes, boost bank deposits - bankers
Source: Reuters
7/06/2023 11:36:41 AM
India cenbank surplus transfer to govt surges in FY23, but lags mkt expectations The Reserve Bank of India's (RBI) board on Friday approved a surplus transfer of 874.16 billion rupees ($10.69 billion) to the government for the fiscal year ended March 31, less than the market estimate of at least 1 trillion rupees. The government had budgeted a dividend of 480 billion rupees for fiscal 2023 from the central bank and state-run banks, while analysts had projected the number to be in the 700 billion rupees to 900 billion rupees range. The RBI transferred 303.07 bill...
India cenbank surplus transfer to govt surges in FY23, but lags mkt expectations
India cenbank surplus transfer to govt surges in FY23, but lags mkt expectations
Source: Reuters
19/05/2023 5:25:18 PM
Tech Stars : Buy IDFC First Bank Limited and Tata Motors Limited By Religare Broking IDFC First Bank Limited Buy IDFC First Bank Limited @ 64-65 CMP 64.50 Stop Loss 61.50 Target 72   TECHNICAL RATIONALE  We are seeing noticeable traction in the banking and financial pack and IDFC First Bank is trading in tandem with the trend. It is currently hovering in a narrow range around the previous swing high while holding the gap on the daily chart. Indications are in the favor of fresh surge in near future. We thus suggest ...
Tech Stars : Buy IDFC First Bank Limited and Tata Motors Limited By Religare Broking
Tech Stars : Buy IDFC First Bank Limited and Tata Motors Limited By Religare Broking
Source: Religare Broking Ltd
9/05/2023 11:40:38 AM
Add IDFC FIRST Bank Ltd For Target Rs.70 - Yes Securities Ltd Result Highlights * Asset quality: Gross slippages (estimated) amounted to Rs 11.5bn, translating to an annualized slippage ratio of 2.9% * Margin picture: NIM at 6.41% was up 28 bps QoQ, due to favourable change in loan mix, among other factors * Asset growth: Advances grew 5.6%/24.4% QoQ/YoY driven sequentially by Commercial Finance and various segments of Retail loans. * Opex control: Total opex rose 8.1%/28.5% QoQ/YoY, staff expenses rose 9.2% /32.6% QoQ/YoY and other expenses ...
Add IDFC FIRST Bank Ltd For Target Rs.70 - Yes Securities Ltd
Add IDFC FIRST Bank Ltd For Target Rs.70 - Yes Securities Ltd
Source: Yes Securities Ltd
8/05/2023 2:43:16 PM
Buy IDFC FIRST Bank Ltd For Target Rs.75 - Geojit Financial Services Ltd Improving Cost-to-Income ratio to boost ROE IDFC First Bank, founded by the merger of erstwhile IDFC Bank and erstwhile Capital First on December 18, 2018. At present, the bank’s total number of branches stands at 809, with total funded assets of Rs.1,60,599cr. * Net Interest Income (NII) reported a growth of 35% on a YoY basis, with strong growth in both advances and deposits. * Cost-to-income (C-I) ratio is expected to improve further, taking ROE above 14% by FY25. * The b...
Buy IDFC FIRST Bank Ltd For Target Rs.75 - Geojit Financial Services Ltd
Buy IDFC FIRST Bank Ltd For Target Rs.75 - Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd
4/05/2023 12:00:48 PM
Pine Labs joins ICICI Bank to accept digital rupee on its PoS terminals Merchant commerce omni-channel platform Pine Labs on Tuesday announced the acceptance of digital rupee on its point of sale (PoS) terminals in partnership with ICICI Bank. To begin with, Pine Labs will accept e-rupee across key retail outlets in Mumbai and Bengaluru via dynamic QR, built within its smart Android PoS terminals. "Central bank digital currency (CBDC) and digital rupee opens up exciting opportunities. Pine Labs is happy to partner with ICICI Bank in launching CBDC as a...
Pine Labs joins ICICI Bank to accept digital rupee on its PoS terminals
Pine Labs joins ICICI Bank to accept digital rupee on its PoS terminals
Source: IANS
2/05/2023 12:55:40 PM
Buy IDFC FIRST Bank Ltd For Target Rs.75 - Motilal Oswal Financial Services Ltd Asset quality continues to improve * IDFC First Bank (IDFCFB) reported a PAT of INR8b (25% beat, +134% YoY) in 4QFY23, boosted by trading gains of INR2.2b. NII grew by 35% YoY, with margins expanding 5bp QoQ to 6.41%. * Business growth remained strong as the loan book was driven by healthy growth in Commercial Finance retail loans. The wholesale book declined 6% YoY. Deposits grew at a healthy 37% YoY, with CASA deposits up 8% QoQ. Thus, the CASA ratio stood strong at ~50%. * IDFCFB ...
Buy IDFC FIRST Bank Ltd For Target Rs.75 - Motilal Oswal Financial Services Ltd
Buy IDFC FIRST Bank Ltd For Target Rs.75 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2/05/2023 10:44:45 AM
Buy IDFC FIRST Bank Ltd For Target Rs.62- Religare Broking * Banking Index has been trading firmly and IDFCFIRSTB looks set to resume the trend. * It has spent nearly 4 months into corrective phase, after the phenomenal surge from 30 to 64+ zone. ? Seeing strong uptick in price with noticeable surge in volumes. * We thus suggest initiating fresh longs as per the given levels. BUY IDFC FIRST Bank Ltd CMP (Rs) 56.50 Range 56-57 Target 62 SL 54   To Read Complete Report & Disclaimer Click He...
Buy IDFC FIRST Bank Ltd For Target Rs.62- Religare Broking
Buy IDFC FIRST Bank Ltd For Target Rs.62- Religare Broking
Source: LKP Securities Ltd
19/04/2023 11:14:28 AM
IDFC First Bank inches up on inking MoU with Maruti Suzuki India IDFC First Bank is currently trading at Rs. 53.95, up by 0.03 points or 0.06% from its previous closing of Rs. 53.92 on the BSE. The scrip opened at Rs. 54.00 and has touched a high and low of Rs. 54.20 and Rs. 53.41 respectively. So far 1594914 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 64.30 on 15-Dec-2022 and a 52 week low of Rs. 28.95 on 22-Jun-2022. Last one week high and low of the scrip stood at Rs....
IDFC First Bank inches up on inking MoU with Maruti Suzuki India
IDFC First Bank inches up on inking MoU with Maruti Suzuki India
Source: Accord Fintech
13/04/2023 4:34:10 PM
Maruti Suzuki India rises on signing MoU with IDFC FIRST Bank Maruti Suzuki India is currently trading at Rs. 8649.05, up by 25.15 points or 0.29% from its previous closing of Rs. 8623.90 on the BSE. The scrip opened at Rs. 8668.95 and has touched a high and low of Rs. 8688.00 and Rs. 8618.15 respectively. So far 2291 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 9768.65 on 31-Oct-2022 and a 52 week low of Rs. 7062.65 on 13-May-2022. Last one week high and low of the scr...
Maruti Suzuki India rises on signing MoU with IDFC FIRST Bank
Maruti Suzuki India rises on signing MoU with IDFC FIRST Bank
Source: Accord Fintech
13/04/2023 1:00:02 PM
India central bank set to raise rates 25 bps on elevated inflation, keep hawkish stance  India's central bank is widely expected to raise its benchmark rate on Thursday for the seventh consecutive meeting and leave the door open for more increases to bring inflation back within its target range, economists said. A large majority of economists, 49 of 62, said the Reserve Bank of India (RBI) would lift its repo rate by 25 basis points to a seven-year high of 6.75% at the conclusion of its three-day meeting on April 6. The central bank has already raised rates by 250 ba...
India central bank set to raise rates 25 bps on elevated inflation, keep hawkish stance
India central bank set to raise rates 25 bps on elevated inflation, keep hawkish stance
Source: Reuters
6/04/2023 8:53:29 AM
India'`s surging services exports may shield economy from external risks A surge in India's services exports, which hit a record high in the October-December quarter, is expected to shield the economy from external risks as a slowing global economy will likely weigh on the country's merchandise exports. Service exports are no longer being driven by IT services alone but also by more lucrative offerings such as consulting and research and development, analysts and economists told Reuters. India's services exports rose 24.5% on year in October-Dece...
India'`s surging services exports may shield economy from external risks
India'`s surging services exports may shield economy from external risks
Source: IANS
3/04/2023 5:49:45 PM
India banking liquidity to tighten as long-term repos mature  India's banking system liquidity is likely to tighten further on a more persistent basis with upcoming tax outflows and maturing repurchase agreements with the central bank, analysts said. "As we progress into FY24, we expect liquidity deficit conditions to become more persistent on our expectation of a mild BoP (balance of payment) deficit and usual currency leakage seen during the year," Gaura Sen Gupta, economist with IDFC First Bank, said. Banking system liquidit...
India banking liquidity to tighten as long-term repos mature
India banking liquidity to tighten as long-term repos mature
Source: Reuters
17/03/2023 2:43:56 PM
IDFC FIRST Bank gains on partnering with Anantham Online to enable CBDC payments IDFC First Bank is currently trading at Rs. 54.88, up by 0.13 points or 0.24% from its previous closing of Rs. 54.75 on the BSE. The scrip opened at Rs. 54.59 and has touched a high and low of Rs. 55.19 and Rs. 54.20 respectively. So far 2245328 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 64.30 on 15-Dec-2022 and a 52 week low of Rs. 28.95 on 22-Jun-2022. Last one week high and low of the scrip stood at Rs....
IDFC FIRST Bank gains on partnering with Anantham Online to enable CBDC payments
IDFC FIRST Bank gains on partnering with Anantham Online to enable CBDC payments
Source: Accord Fintech
14/03/2023 3:50:51 PM
India`s Yes Bank drops as three-year share lock-in period ends  Shares of India's Yes Bank Ltd fell as much as 12.7% to a seven-month low on Monday at the end of a three-year lock-in period that barred investors from selling stock they had acquired as part of the lender's restructuring. The Reserve Bank of India (RBI) had required Yes Bank's shareholders, which includes the State Bank of India (SBI) and other private lenders, to hold on to 75% of the shares acquired as part of the restructuring in March 2020. Yes Bank shares have f...
India`s Yes Bank drops as three-year share lock-in period ends
India`s Yes Bank drops as three-year share lock-in period ends
Source: Reuters
13/03/2023 12:47:04 PM
Buy IDFC FIRST Bank Ltd For Target Rs.70 - ICICI Direct Business, earnings momentum remains strong… About the stock: IDFC First Bank was formed by the merger of the erstwhile IDFC Bank and Capital First in 2018. Retailisation of its business has been the key focus. * Retail funded assets form ~67% of total funded assets * Branch network is at 707 as on December 2022   Q3FY23 Results: IDFC First Bank reported a strong performance * GNPA down 22 bps QoQ to 2.96%; NNPA down 6 bps QoQ to 1.03% ? NII up 27.3% YoY, NIMs up ...
Buy IDFC FIRST Bank Ltd For Target Rs.70 - ICICI Direct
Buy IDFC FIRST Bank Ltd For Target Rs.70 - ICICI Direct
Source: ICICI Direct Ltd
6/03/2023 10:07:49 AM
India`s SBI may look to cut Yes Bank stake once lock-in ends -sources State Bank of India may look to lower its stake in Yes Bank after a lock-in period ends on March 6, which was put in place by the central bank as a part of the lender's restructuring, two sources told. SBI, India's largest bank, does not want to permanently retain a stake in Yes Bank and would want to trim its holdings, albeit in phases, one of the sources told Reuters on condition of anonymity. "The percentage of equity dilution that the bank intends to do will have to be ...
India`s SBI may look to cut Yes Bank stake once lock-in ends -sources
India`s SBI may look to cut Yes Bank stake once lock-in ends -sources
Source: Reuters
2/03/2023 5:21:30 PM
Rupee poised to open higher on Chinese yuan boost; eyes 82.50/$ level  The Indian rupee is expected to open higher versus the U.S. dollar on Wednesday, helped by a Chinese yuan-led advance in Asian currencies. The non-deliverable forwards indicate the rupee will open at around 82.54-82.58 to the U.S. dollar, compared with 82.6650 in the previous session. The offshore yuan rose above 6.94 to the dollar, while other Asian currencies were up 0.1% to 0.3%. The yuan had fallen to near 6.99 on Monday on concerns over the U.S. inflation outlook. The yuan...
Rupee poised to open higher on Chinese yuan boost; eyes 82.50/$ level
Rupee poised to open higher on Chinese yuan boost; eyes 82.50/$ level
Source: Reuters
1/03/2023 9:01:56 AM
Weak global demand, rate hikes may curtail India growth, economists say Weak global demand and monetary tightening by the Indian central bank could further drag down economic growth that likely slowed in the October-December quarter as pent-up demand eased and private investment remained patchy. The slowdown in growth seen in last quarter of 2022 could continue and erode the 6.4% growth for the fiscal year through March 2024 estimated by the central bank, economists warned, ahead of the release of India's GDP data on Tuesday. India's economy probabl...
Weak global demand, rate hikes may curtail India growth, economists say
Weak global demand, rate hikes may curtail India growth, economists say
Source: Reuters
28/02/2023 12:10:42 PM
Tech Stars : Buy Firstsource Solutions Limited and IDFC First Bank Limited By Religare Broking Firstsource Solutions Limited (FSL) BUY Firstsource Solutions Limited CMP 117.75  Initiation Range 115-118 Stop Loss 107 Target 132 TECHNICAL RATIONALE – FSL has finally witnessed a breakout after spending nearly eight months in a consolidation range. Its chart structure combined with recent buoyancy in the IT space is pointing towards gradual up move. We thus recommend accumulating in the given range.   IDFC First Bank Limited (IDFCFIRSTB) BUY IDFC First Ba...
Tech Stars : Buy Firstsource Solutions Limited and IDFC First Bank Limited By Religare Broking
Tech Stars : Buy Firstsource Solutions Limited and IDFC First Bank Limited By Religare Broking
Source: Religare Broking Ltd
7/02/2023 12:56:05 PM
LKP Spade : A Weekly Pick - Buy IDFC First Bank Ltd For Target Rs.102 - LKP Securities IDFC FIRST Bank Ltd * The stock has been trading in a strong uptrend with higher high and higher low formations in the daily chart. * The momentum oscillator RSI has entered above the level of 60, which confirms the strength of the stock. * The stock is finding support at its 20dma, which is currently at 86, and the potential upside targets are 97/102. BUY IDFC FIRST Bank Ltd @ Rs. 92-91.5 Stop Loss Below Rs. 87 Target CB Rs. 97/102 Duration&...
LKP Spade : A Weekly Pick - Buy IDFC First Bank Ltd For Target Rs.102 - LKP Securities
LKP Spade : A Weekly Pick - Buy IDFC First Bank Ltd For Target Rs.102 - LKP Securities
Source: LKP Securities Ltd
6/02/2023 12:26:10 PM
Rupee seen tad weaker on risk-off mood ahead of budget, Fed The Indian rupee is expected to weaken on Tuesday, as the dollar gained on tepid risk appetite, with investors keeping tabs on the Adani Group saga, the upcoming Union budget and global central bank meetings. The rupee was seen around 81.60-81.65 per dollar in early trades, compared to its previous close of 81.4950. The currency's future direction will be clear once the risk events this week are out of the way and we are likely to continue see rangebound moves until then, said a tra...
Rupee seen tad weaker on risk-off mood ahead of budget, Fed
Rupee seen tad weaker on risk-off mood ahead of budget, Fed
Source: Reuters
31/01/2023 8:56:11 AM
India's FY24 gross borrowing could be less than expected -economists India's central government's gross market borrowings for 2023/24 could come in below market expectations as a pool of securities raised to compensate states for a shortfall in goods and services tax may not be rolled over, a few economists said. However, there are chances of the central bank paying the government a higher dividend, which could allow for a surprise at the budget presentation on Feb. 1. The government's gross borrowing is expected to be a record 16 trillion ru...
India's FY24 gross borrowing could be less than expected -economists
India's FY24 gross borrowing could be less than expected -economists
Source: Reuters
25/01/2023 12:15:43 PM
India may peg nominal GDP growth at about 11% in 2023/24 budget  India is likely to peg its nominal gross domestic product (GDP) growth at around 11% in the annual budget next week, marking a slowdown from its estimate for the current fiscal year due to the prospect of weak exports, two government officials said. Nominal GDP growth — which includes inflation and is the benchmark used to estimate tax collections — could be pressured by suppressed external demand next year due to a likely U.S. recession, said the sources, who declined to...
India may peg nominal GDP growth at about 11% in 2023/24 budget
India may peg nominal GDP growth at about 11% in 2023/24 budget
Source: Reuters
24/01/2023 9:42:03 AM
IDFC First Bank gains on waiving charges on customer-centric services IDFC First Bank is currently trading at Rs. 62.05, up by 0.10 points or 0.16% from its previous closing of Rs. 61.95 on the BSE. The scrip opened at Rs. 62.35 and has touched a high and low of Rs. 62.45 and Rs. 61.35 respectively. So far 1135094 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 64.30 on 15-Dec-2022 and a 52 week low of Rs. 28.95 on 22-Jun-2022. Last one week high and low of the scrip stood at Rs....
IDFC First Bank gains on waiving charges on customer-centric services
IDFC First Bank gains on waiving charges on customer-centric services
Source: Accord Fintech
19/12/2022 12:40:19 PM
Spurt in India's liquidity surplus may not sustain through FY end - economists The recent rise in India's banking system liquidity surplus due to government spending and capital inflows may not be sustainable as demand for cash picks up towards the end of the fiscal year, economists said. India's banking system liquidity surplus has averaged above 1.50 trillion rupees ($18.11 billion) on a daily basis from Dec. 1 to Dec. 14, as against an average of around 500 billion rupees in November, and less than 100 billion rupees in October. "Liquidity has impr...
Spurt in India's liquidity surplus may not sustain through FY end - economists
Spurt in India's liquidity surplus may not sustain through FY end - economists
Source: Reuters
16/12/2022 6:13:11 PM
IDFC FIRST Bank gains on partnering with NASSCOM COE to grow innovation ecosystem IDFC First Bank is currently trading at Rs. 59.40, up by 0.15 points or 0.25% from its previous closing of Rs. 59.25 on the BSE. The scrip opened at Rs. 59.65 and has touched a high and low of Rs. 60.00 and Rs. 59.20 respectively. So far 486777 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 61.20 on 05-Dec-2022 and a 52 week low of Rs. 28.95 on 22-Jun-2022. Last one week high and low of the scrip stood at Rs. ...
IDFC FIRST Bank gains on partnering with NASSCOM COE to grow innovation ecosystem
IDFC FIRST Bank gains on partnering with NASSCOM COE to grow innovation ecosystem
Source: Accord Fintech
8/12/2022 12:42:39 PM
IDFC First Bank soars on raising Rs 1500 crore through bonds IDFC First Bank is currently trading at Rs. 59.00, up by 0.40 points or 0.68% from its previous closing of Rs. 58.60 on the BSE. The scrip opened at Rs. 58.65 and has touched a high and low of Rs. 59.55 and Rs. 58.35 respectively. So far 2610562 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 59.65 on 28-Nov-2022 and a 52 week low of Rs. 28.95 on 22-Jun-2022. Last one week high and low of the scrip stood at Rs....
IDFC First Bank soars on raising Rs 1500 crore through bonds
IDFC First Bank soars on raising Rs 1500 crore through bonds
Source: Accord Fintech
1/12/2022 3:12:24 PM
IDFC First Bank soars on launching sticker-based debit card `FIRSTAP` in association with NPCI IDFC First Bank is currently trading at Rs. 58.05, up by 1.25 points or 2.20% from its previous closing of Rs. 56.80 on the BSE. The scrip opened at Rs. 56.65 and has touched a high and low of Rs. 59.15 and Rs. 56.65 respectively. So far 3289582 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 59.40 on 24-Oct-2022 and a 52 week low of Rs. 28.95 on 22-Jun-2022. Last one week high and low of the scrip stood at Rs....
IDFC First Bank soars on launching sticker-based debit card `FIRSTAP` in association with NPCI
IDFC First Bank soars on launching sticker-based debit card `FIRSTAP` in association with NPCI
Source: Accord Fintech
25/11/2022 12:02:14 PM
India banks reliance on bulk deposits rises amid strong credit growth, tight liquidity Indian banks may rely more on raising funds through certificates of deposits for the rest of the year, as credit demand remains strong and inflows from retail deposits lag, leading to tighter liquidity in the banking system, analysts said. Banks have raised over 3.51 trillion Indian rupees($42.41 billion) through certificate of deposits (CDs)in April-October, 22% higher than the 2.87 trillion rupees raised in 2021-2022, data from Prime Database showed. Mutual funds are the biggest buyers o...
India banks reliance on bulk deposits rises amid strong credit growth, tight liquidity
India banks reliance on bulk deposits rises amid strong credit growth, tight liquidity
Source: Reuters
3/11/2022 4:12:37 PM
RBI to launch digital rupee pilot project today The Reserve Bank of India (RBI) will today launch the nation's first digital rupee pilot project for the wholesale segment. In a statement, the central bank said that it will "soon commence pilot launches of Digital Rupee (ea,) for specific use cases. Accordingly, the first pilot in the Digital Rupee - Wholesale segment (ea,-W) shall commence on November 1, 2022". The central bank further informed that "the first pilot in Digital Rupee - Retail segment (ea,-R) is plan...
RBI to launch digital rupee pilot project today
RBI to launch digital rupee pilot project today
Source: IANS
1/11/2022 9:53:45 AM
Buy IDFC FIRST Bank Ltd For Target Rs.70 - Motilal Oswal Financial Services Earnings momentum remains strong; RoA improves Healthy momentum in deposits; operating leverage in-play * IDFC First Bank (IDFCF) reported an all-round strong operating performance with a 266% YoY jump in PAT to INR5.6b. This was led by a significant improvement in all key metrics such as higher NII, robust retail deposit growth, and lower cost ratios. * Business growth sustained robust momentum as loan book grew 32% YoY, led by 42% YoY growth in retail loans while wholesale book fur...
Buy IDFC FIRST Bank Ltd For Target Rs.70 - Motilal Oswal Financial Services
Buy IDFC FIRST Bank Ltd For Target Rs.70 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
26/10/2022 2:48:05 PM
Diwali Fundamental Muhurat Picks By ARETE Securities VIP Industries Ltd. CMP: INR 683 VIP Industries is India's largest luggage manufacturing company which manufactures luggage and travel accessories. It is based in Mumbai, India and is the world's second-largest and Asia's largest luggage maker. The company has more than 8,000 retail outlets across India and a network of retailers in 50 countries. It acquired United Kingdom-based luggage brand Carlton in 2004 Key Investment Rationales Immense scope for margin expansio...
Diwali Fundamental Muhurat Picks By ARETE Securities
Diwali Fundamental Muhurat Picks By ARETE Securities
Source: ARETE Securities Ltd
19/10/2022 2:39:41 PM
Diwali Funadamental Muhurat Picks 2022 By Axis Securities IDFC First Bank Ltd BUY IDFC First Bank Ltd CMP 53 ,Target 70, Potential Upside (%) 32% About the Company: IDFC First bank (IDFCB) was formed by the merger of erstwhile IDFC bank – promoted by renowned infrastructure financing institution IDFC Ltd. and Capital First – a leading technology NBFC. The bank has a robust balance sheet of Rs 2,00,565 Cr and has provided over 30 Mn loans by far. Currently, it serves customers in over 60,000 villages, c...
Diwali Funadamental Muhurat Picks 2022 By Axis Securities
Diwali Funadamental Muhurat Picks 2022 By Axis Securities
Source: Axis Securities Ltd
18/10/2022 12:25:59 PM
Buy IDFC FIRST Bank Ltd For Target Rs.70 - Motilal Oswal Financial Services Liability re-pricing and operational efficiency to drive RoE ? IDFC First Bank (IDFCFB) has strengthened its balance sheet over the past few years as it consciously increased the mix of retail business. The bank reported 5x growth in retail deposits over the past three years and simultaneously improved CASA mix to 50%. Further, the retail loan book posted an impressive 31% CAGR over FY19-22. ? IDFCFB is well positioned to benefit from gradual run-down of its high-cost legacy borrowings ...
Buy IDFC FIRST Bank Ltd For Target Rs.70 - Motilal Oswal Financial Services
Buy IDFC FIRST Bank Ltd For Target Rs.70 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
18/10/2022 9:47:59 AM