sandeepdeb28

Swing Trade in IDFC FIRST BANK

Long
NSE:IDFCFIRSTB   IDFC FIRST BANK
Technical Analysis:

In 1Day TF, we can see the contraction with low Volume
In recent days we can see institutional buying once target got hit.

Fundamentals:

Foreign Portfolio Investors 23.32%
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Major Shareholders
dfc Financial Holding Company Limited 37.51%
Odyssey 44 A S 3.83%
President Of India 3.71%
Cloverdell Investment Ltd 2.74%
Goldman Sachs Trust Ii - Goldman Sachs Gqg Partner 1.88%
Icici Prudential Life Insurance Company Limited 1.39%
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Annual 2023 2022 2021
Sales (Cr) 27,194.51 20,394.72 18,221.56
Net Income (Cr) 2,437.13 145.49 452.28

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EPS Growth Rate 16%
Earnings Stability 99
P/E Ratio 19
5-Year P/E Range 16-230
Return on Equity 10%
Cash Flow (INR) 5.44
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Estimates

Idfc First Bank has been covered by 5 analysts in the last 6 months. Their average twelve-month price target is Rs. 94.18, suggesting that the stock has a possible upside of 6.48%. The high price target for Idfc First Bank is Rs. 101.9 and the low price target is Rs. 85. There are currently 1 Buy rating, 3 Hold ratings, 1 Sell rating.

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