INSUBCONTINENT EXCLUSIVE:
The analyst suggested a stoploss at Rs 43.ETMarkets.com|Updated: Nov 29, 2019, 11.55 AM ISTGetty ImagesIDFC First Bank Ltd., incorporated
in the year 2014, is a banking company (having a market cap of Rs 21193.24 Crore)
Gaurav Bissa of LKP Securities has a buy call on IDFC First Bank Ltd
with a target price of Rs 52.0
The current price of IDFC First Bank Ltd
Gaurav Bissa recommended to keep a stoploss at Rs 43
IDFC First Bank Ltd., incorporated in the year 2014, is a banking company (having a market cap of Rs 21193.24 Crore)
key Products/Revenue Segments include Interest - Discount on Advances - Bills which contributed Rs 7825.54 Crore to Sales Value (65.49 % of
Total Sales), Income From Investment which contributed Rs 3905.65 Crore to Sales Value (32.68 % of Total Sales), Interest which contributed
Rs 193.79 Crore to Sales Value (1.62 % of Total Sales) and Interest On Balances with RBI and Other Inter-Bank Funds which contributed Rs
23.19 Crore to Sales Value (0.19 % of Total Sales)for the year ending 31-Mar-2019
The Bank has reported a Gross Non Performing Assets (Gross NPAs) of Rs .00 Crore (.00 % of total assets) and Net Non Performing Assets (Net
NPAs) of Rs .00 Crore (.00% of total assets)
For the quarter ended 30-09-2019, the company has reported a Consolidated Interest Income of Rs 2971.20 Crore, up 4.65 % from last quarter
Interest Income of Rs 2839.11 Crore and up 111.16 % from last year same quarter Interest Income of Rs 1407.09 Crore
The bank has reported net profit after tax of Rs -676.52 Crore in latest quarter.
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