IDFC FIRST BANK SHARE PRICE TARGET 2023-2030: CAN IT REACH 500INR BY 2030?

A significant player in India’s banking industry is IDFC First Bank. The bank has been successful in carving out a significant niche in the market because to its emphasis on offering cutting-edge and client-centered solutions. Yet as a shareholder, the crucial query is still: Is IDFC First Bank a smart stock to buy? In order to decide whether investing in IDFC First Bank is a wise long-term decision, we will examine the bank’s financials in this article and examine its growth trajectory over the past five years. In addition, we will investigate the bank’s target share price for the years 2023 to 2030 based on a number of variables, including income growth, PAT, revenue growth, profit growth, and market trends. then let’s get going and see if investing in IDFC First Bank is a good idea.

Latest news about IDFC First Bank

➤IDFC First Bank hits its 52-week high at Rs 65.85 .

➤With the exception of a short-term deposit of Rs 2131 crore received at year’s end, client deposits at IDFC First Bank increased by 44% year over year to Rs 1,34,681 crore.A statement claims that CASA is at 49%, excluding the aforementioned deposit and loans and advances up 24% at Rs. 1,60,599 crore.As of March 31, 2023, the ratio of retail to wholesale deposits at the bank changed from 27:73 to 76:24. Additionally, the bank reported its highest-ever annual profit of Rs 2,437 crore in FY23 (up from Rs 145 crore in FY 22) and its highest-ever quarterly profit of Rs 803 crore in Q4 FY 23 (Rs 701 crore deducting one-time gains). Operating Profit increased by 67% year over year, from Rs 2,753 crore in FY22 to Rs 4607 crore in FY23

➤FPIs recently raised their stakes in companies like IDFC First Bank , Axis Bank etc.

How to purchase IDFC First Bank shares?

Below are the trading platforms that you can use to purchase IDFC First Bank shares:

➤ Zerodha

➤ Upstox

➤ Groww

➤ AngelOne

➤ ICICIDirect

IDFC First Bank Share Price Prediction: 2023 to 2030.

IDFC First Bank Share Price Prediction 2023.

We can analyze that the IDFC FIRST BANK share price is expected to exhibit a bullish uptrend throughout 2023. The maximum price forecasted for the year is ₹103.22 in December, while the minimum price expected is ₹40.69 in May. This indicates a growth percentage of around 132% from the lowest to the highest predicted price, which reflects a highly volatile market.

Investors should note that share prices can be influenced by various factors such as market trends, economic conditions, company performance, and government policies. Therefore, these price predictions are not absolute and may change based on any relevant changes in the market environment. However, based on the current forecast, the IDFC FIRST BANK share price seems to be on an upward trend, which could provide significant opportunities for investors who are looking to enter the market or hold on to their current shares.

It is very clear to us by applying indicators such as Stochastic RSI, RSI and resistance line that the stock has some chances of falling in the near future, but will shoot up again. The only thing limiting us to confirm the same is that the RSI is below 80, it is preferrable when it is above 80, so investors may have to wait for the month candle. Looking at some financials, we can analyze tha the Earnings Per Share have  grown from Rs -0.13 in March 2022 to 3.75 in May 2023, which is more than 1000% growth YoY and shows the great growth of the company. Similarly, the Price-to-Earnings ratio has decreased from 173.35 in May 2022 to 17.08 in May 2023, which again is a great indication of the company’s growth. However on the other hand, the Price-to-Book ratio has increased from 1.21 in May 2022 to 2.16 in May 2022 and is not a promising sign of progress. But many experts have upgraded their price targets of IDFC First Bank which is a reliable sign of development.

IDFC First Bank Share Price Prediction 2024

It is simple to say that the IDFC FIRST BANK share price target for 2024 suggests that the bullish trend from the previous year will continue. The maximum share price target for the year is expected to be ₹144.51 in December, which is significantly higher than the maximum price target of the previous year. However, the minimum share price target for May 2024 is ₹74.89, which is lower than the minimum price of the previous year, indicating potential bearish pressure.

Investors should keep in mind that stock prices are subject to various market forces, and fluctuations are common. The returns on investments made in IDFC FIRST BANK shares in 2024 will depend on a range of factors, such as company performance, economic conditions, and market trends.

IDFC First Bank Share Price Prediction 2025

It is much obvious that the IDFC FIRST BANK share price target for 2025 indicates a steady growth trend with the maximum target price of ₹175.29 and a minimum target price of ₹101.72. The average target price for the year is around ₹150, which is significantly higher than the previous year. This suggests that the company is expected to continue performing well, and investors may potentially enjoy a good return on their investments. It is always important to conduct thorough research and analysis before making any investment decisions. Overall, the IDFC FIRST BANK share price target for 2025 appears to be positive, and investors may consider including it in their investment portfolios.

IDFC First Bank Share Price Prediction 2026-2030

It can be clearly said that the IDFC FIRST BANK share price target for the years 2026 to 2030 suggests a mixed trend, with some years showing an upward trend and others showing a downward trend. The maximum target price for 2026 is ₹122.70, while the minimum target price is ₹85.89. For 2027, the maximum target price is ₹104.30, and the minimum target price is ₹73.01. In 2028, the maximum target price is ₹187.74, and the minimum target price is ₹131.42. For 2029, the maximum target price is ₹385.64, while the minimum target price is ₹269.95. Finally, for 2030, the maximum target price is ₹429.46, while the minimum target price is ₹300.63. Overall, the IDFC FIRST BANK share price target for 2026 to 2030 indicates that the company is likely to experience some growth potential in the coming years.

Financial Condition of IDFC First Bank: Last 5 years

Going through the financial statement of IDFC FIRST BANK over the past five years, there has been a mix of both positive and negative growth indicators. The company’s revenue grew consistently from 2018 to 2020, reaching a maximum of ₹16,240.32 crore, but dipped slightly to ₹15,968.15 crore in 2021. However, the company’s net profit has been volatile, with a maximum of ₹879.91 crore in 2018 and a minimum of -₹2,843.39 crore in 2020. The profit and loss statement indicates a decline in profitability from 2018 to 2021, with the operating profit dropping from ₹7,309.47 crore to ₹4,849.85 crore.

Despite the fluctuations in profitability, IDFC FIRST BANK’s operating profit margin (OPM) has remained relatively strong, with a maximum of 80.34% in 2018 and a minimum of 28.24% in 2022. Other income has shown steady growth over the past five years, reaching a maximum of ₹3,172.59 crore in 2022. Overall, the company has seen both ups and downs in terms of revenue and profit growth, and it will be interesting to see how it performs in the coming years.

IDFC First Bank Share price target by Experts

Sharekhan on IDFC First Bank Ltd share price target

Sharekhan has given a buy call on IDFC First Bank Ltd. According to him, you can continue buying IDFC First Bank share with a target price of Rs 58.

Motilal Oswal on IDFC First Bank Ltd share price target

Motilal Oswal has given a buy call on IDFC First Bank Ltd. According to him, you can continue buying IDFC First Bank share with a target price of Rs75

Religare Broking on IDFC First Bank Ltd share price target

Brokerage firm Religare has recently suggested to buy IDFC First Bank with a price projection of Rs 64-70 .

ICICI Securities on IDFC First Bank Ltd share price target

ICICI Securities recommends buying IDFC First Bank with an expected price of Rs 68.

Geojit on IDFC First Bank Ltd share price target

Geojit has suggested to buy IDFC First Bank with a price prediction of Rs 75.

FAQS

What is the current share price of IDFC FIRST BANK?

The current share price of IDFC FIRST BANK is subject to market fluctuations and can vary on a daily basis but is Rs 65 as on May 13th 2023.

What is the target share price for IDFC FIRST BANK in 2023?

The target share price for IDFC FIRST BANK in 2023 is not certain and depends on several factors, including market conditions and company performance.

Can IDFC FIRST BANK’s share price reach 500INR by 2030?

It is difficult to predict the exact share price of any company for a given year in the future, including IDFC FIRST BANK. However, reaching 500INR by 2030 is a significant growth target for the company.

What factors could contribute to IDFC FIRST BANK’s share price growth in the future?

Factors that could contribute to IDFC FIRST BANK’s share price growth include the overall performance of the banking industry, the company’s financial performance and profitability, and market conditions.

What is the average target share price for IDFC FIRST BANK in the coming years?

The average target share price for IDFC FIRST BANK in the coming years is subject to change and will depend on various factors, including market conditions and the company’s financial performance.

What is the current recommendation for investing in IDFC FIRST BANK’s shares?

The current recommendation for investing in IDFC FIRST BANK’s shares may vary among financial experts and analysts, and investors should conduct their own research before making any investment decisions.

Should investors consider investing in IDFC FIRST BANK’s shares for the long term?

Investing in IDFC FIRST BANK’s shares for the long term may be suitable for some investors, depending on their investment goals and risk tolerance. However, it is important to conduct thorough research and seek professional advice before making any investment decisions.

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Conclusion

The financial accounts of IDFC First Bank over the past five years demonstrate a consistent increase in income.The audited financial statements for the period and fiscal year that concluded on March 31, 2023, have been released by IDFC FIRST Bank. The bank made a net profit of Rs. 2,437 crore during the fiscal year as opposed to Rs. 145 crore the year before. From Q4-FY22 to Q4-FY23, the bank’s quarterly net profit increased by 134% YoY, from Rs. 343 crore to Rs. 803 crore. The primary driver of this rise was the significant increase in core operating income. “We have registered our highest ever quarterly profit of Rs. 803 crores in Q4 FY 23 and highest ever yearly profit of Rs. 2,437 crores in FY23,” stated Managing Director and CEO Vaidyanathan. Nonetheless, the bank’s OPM has maintained a high level, averaging 51.04% during the previous five years. Although it is challenging to make firm predictions about IDFC First Bank’s future performance, it is significant to note that the bank has proven resilient in the face of economic difficulties. The bank is well-positioned to continue its development trajectory thanks to a solid management team and a strategic focus on digital banking. Despite the bank’s ambitious objective of reaching $500 by 2030, investors might think about adding shares of IDFC First Bank to a diversified portfolio.

Author: Neelam KushwahaNeelam Kushwaha is a Bachelor's student in Computer Science at Hansraj College with a keen interest in finance and the stock market. She is a senior editor at Financesrule, where she shares her insights and expertise in researching stock price predictions. Neelam's analytical skills and unique perspectives make her a valuable asset to the financial community. In her free time, she enjoys reading and traveling.

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