Nomura said FIIs were most constructive on ICICI Bank. HDFC Bank at estimated FY28 book value of 1.5 times is seen as compelling on valuations but the Chairman exit is keeping investors cautious.
Federal Bank, IDFC First, RBL Bank Q4 results date, dividend: Axis Securities has a buy call on Federal Bank with a target price of Rs 320. Deposit growth is expected in line with credit growth.
According to BofA, IDFC First disclosed a fraud incident related to a Haryana government account, resulting in a reconciliation discrepancy of around Rs 590 crore.
An analyst from YES Securities said that Vedanta has given a rounding bottom breakout after a few days of retracement with recent price action showing renewed upward momentum.
IDFC Bank stock closed 1.33% higher at Rs 70.97 today. Market cap of the lender stood at Rs 61,028 crore.
IDFC First Bank: While the near-term financial hit seems manageable, the incident necessitates a comprehensive review of internal control to mitigate vulnerabilities, the brokerage said.
IDFC First Bank shares were unchanged at Rs 69.55 in early deals today against the previous close of Rs 70.04. Market cap of the bank stood at Rs 59,695 crore.
Given IDFC First Bank’s retail deposit-led model, reputational perception remains critical, and the stock could remain under pressure until forensic findings are clearly established, Nomura said.
IDFC First Bank stock outlook: While the 14-day RSI is rapidly moving towards oversold territory, typically a sign of potential exhaustion, caution is warranted.
IDFC First Bank shares crashed 15.55% to Rs 70.57. Earlier, the stock tanked 20% to Rs 66.85. Market cap of the bank slipped to Rs 58,259 crore.
Investors took a major blow on Monday as shares of IDFC First Bank tanked 20 per cent in the early trading session after the private lender reported unauthorized and fraudulent activities.




