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.
is Rs 46.75 .
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).
IDFC First Bank Ltd.
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.Buy Havells, target price Rs 720: Gaurav BissaBuy SRF, target Rs 2,850: Gaurav BissaBuy Shriram Transport Finance Company, target Rs 1,050: Gaurav BissaBuy CESC, target Rs 1055: Gaurav BissaCommenting feature is disabled in your country/region.Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com - ETMarkets.com.
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