Buy IDFC First Bank Ltd; Target Rs. 52

Buy IDFC First Bank Ltd; Target Rs. 52

IDFC First Bank Ltd:

IDFC First Bank

IDFC First Bank Ltd has officially announced a consolidated interest income of Rs. 2,971.20 Cr for the quarter finished on 30-09-2019, which is 4.65% up from its previous quarter interest income of Rs. 2,839.11 Cr and 111.16% up from its previous year’s same quarter interest income of Rs. 1,407.09 Cr. The firm has also announced its net profit after tax of Rs. -676.52 Cr in the most recent quarter.

Outlook:

IDFC First Bank Ltd is a buy call with a target of Rs. 52 and a stop loss of Rs. 43; current market price: 47.45.

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