Leading private sector bank IDFC First Bank has been in business for more than 20 years. The bank has made considerable achievements in recent years, expanding its product offerings and increasing its customer base, with a strong focus on customer-centricity and digital innovation. As a result, investors seeking to make investments in the Indian banking industry frequently choose IDFC First Bank.
In this article, we will examine the share price performance of IDFC First Bank over the recent years and assess its potential for future growth.
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IDFC FIRST BANK IN RECENT NEWS
- IDFC First Bank has collaborated with Crunchfish to showcase the feasibility of offline retail payments.
IDFC BANK SHARE PRICE TARGET 2023
| IDFC BANK SHARE PRICE TARGET 2023 | Maximum Price | Minimum Price |
| April 2023 | ₹55.05 | ₹42.35 |
| May 2023 | ₹45.88 | ₹35.29 |
| June 2023 | ₹55.05 | ₹42.35 |
| July 2023 | ₹66.06 | ₹50.82 |
| August 2023 | ₹72.67 | ₹55.90 |
| September 2023 | ₹76.30 | ₹58.69 |
| October 2023 | ₹72.67 | ₹55.90 |
| November 2023 | ₹79.93 | ₹61.49 |
| December 2023 | ₹89.52 | ₹68.87 |
Based on the data provided, it appears that IDFC Bank’s share price is expected to experience significant fluctuations in 2023. In April, the maximum share price is predicted to be ₹55.05 while the minimum is expected to be ₹42.35. Similarly, in May, the maximum and minimum share prices are projected to be ₹45.88 and ₹35.29, respectively. However, the bank’s share price is expected to rebound in June, with the maximum and minimum share prices forecasted to be ₹55.05 and ₹42.35, respectively.
As the year progresses, the share price target for IDFC Bank becomes more bullish, with the maximum share price expected to reach ₹89.52 in December 2023. The minimum share price target for the same month is projected to be ₹68.87.
IDFC BANK SHARE PRICE TARGET 2024
| IDFC BANK SHARE PRICE TARGET 2024 | Maximum Price | Minimum Price |
| January 2024 | ₹94.24 | 1037.03 |
| February 2024 | ₹105.88 | ₹88.24 |
| March 2024 | ₹111.46 | ₹90.61 |
| April 2024 | ₹101.32 | ₹77.94 |
| May 2024 | ₹84.44 | ₹64.95 |
| June 2024 | ₹101.32 | ₹77.94 |
| July 2024 | ₹86.13 | ₹66.76 |
| August 2024 | ₹94.74 | ₹75.19 |
| September 2024 | ₹99.47 | ₹76.52 |
| October 2024 | ₹117.03 | ₹90.02 |
| November 2024 | ₹122.88 | ₹94.52 |
| December 2024 | ₹125.34 | ₹96.41 |
According to the data provided, IDFC Bank’s share price is expected to continue its volatility into 2024. In January, the bank’s maximum share price target is forecasted to be ₹94.24, with the minimum share price target expected to be ₹1037.03. However, by February, the maximum and minimum share price targets are predicted to fall to ₹105.88 and ₹88.24, respectively. The share price is then expected to fluctuate in the following months, with the maximum share price target predicted to be ₹125.34 in December, and the minimum share price target expected to be ₹64.95 in May.
In summary, IDFC Bank’s share price target for 2024 is forecasted to have a wide range of highs and lows, with the maximum share price target of ₹125.34 in December and the minimum share price target of ₹64.95 in May.
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IDFC BANK SHARE PRICE TARGET 2025
| IDFC BANK SHARE PRICE TARGET 2025 | Maximum Price | Minimum Price |
| January 2025 | ₹127.84 | ₹98.34 |
| February 2025 | ₹134.57 | ₹103.52 |
| March 2025 | ₹141.30 | ₹108.69 |
| April 2025 | ₹126.16 | ₹97.05 |
| May 2025 | ₹114.69 | ₹88.23 |
| June 2025 | ₹126.16 | ₹97.05 |
| July 2025 | ₹120.16 | ₹92.43 |
| August 2025 | ₹125.16 | ₹96.28 |
| September 2025 | ₹131.42 | ₹101.09 |
| October 2025 | ₹139.30 | ₹107.16 |
| November 2025 | ₹149.06 | ₹114.66 |
| December 2025 | ₹152.04 | ₹116.95 |
Based on the data provided, IDFC Bank’s share price is expected to have a positive outlook in 2025. The bank’s maximum share price target is expected to reach ₹152.04 in December, with the minimum share price target of ₹88.23 in May. The share price is predicted to fluctuate throughout the year, with the maximum share price target of ₹149.06 in November and the minimum share price target of ₹114.69 in May. In January, the bank’s maximum share price target is forecasted to be ₹127.84, with the minimum share price target expected to be ₹98.34. By October, the maximum and minimum share price targets are predicted to reach ₹139.30 and ₹107.16, respectively.
IDFC BANK SHARE PRICE TARGET 2026 TO 2030
| IDFC BANK SHARE PRICE TARGET BY | Maximum Price | Minimum Price |
| 2026 | ₹106.43 | ₹74.50 |
| 2027 | ₹90.46 | ₹63.32 |
| 2028 | ₹162.83 | ₹113.98 |
| 2029 | ₹334.48 | ₹234.14 |
| 2030 | ₹372.49 | ₹260.74 |
According to the data provided, IDFC First Bank’s share price is expected to experience volatility in the coming years. In 2026, the maximum share price target is expected to reach ₹106.43, while the minimum share price target is predicted to be ₹74.50. The share price is expected to have a downward trend in 2027, with the maximum and minimum share price targets at ₹90.46 and ₹63.32, respectively. However, the bank’s share price is forecasted to increase significantly in 2028, with a maximum share price target of ₹162.83 and a minimum share price target of ₹113.98. In 2029, the bank’s share price is predicted to reach a maximum of ₹334.48 and a minimum of ₹234.14. By 2030, the bank’s maximum share price target is expected to be ₹372.49, while the minimum share price target is predicted to be ₹260.74.
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FINANCIAL STRENGTH OF IDFC FIRST BANK (2018 TO 2022)
| ANNUAL | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
| Total Income | 20,345.28 | 18,221.95 | 17,962.73 | 13,142.66 | 10,218.35 |
| Total Income Growth (%) | 11.65 | 1.44 | 36.67 | 28.62 | 6.47 |
| Provisions & Contingencies | 3,151.25 | 2,100.70 | 4,813.05 | 188.80 | 340.00 |
| Provisions & Contingencies Growth (%) | 50.01 | -56.35 | 2,449.29 | -44.47 | -50.51 |
| Profit after Tax (PAT) | 132.31 | 483.18 | -2,843.39 | -1,907.88 | 879.91 |
| PAT Growth (%) | -72.62 | – | – | -296.76 | -10.09 |
| Net Interest Margin (%) | 5.10 | 4.52 | 4.03 | 2.07 | 1.56 |
| Net Profit Margin (%) | 0.77 | 3.02 | -17.50 | -15.63 | 9.67 |
| Basic EPS (₹) | 0.21 | 0.88 | -5.94 | -4.66 | 2.59 |
Looking at IDFC Bank’s financial statement of the last five years, the company has shown mixed results in terms of growth. The total income of the company has steadily increased, with a growth rate of 11.65% in FY 2022 compared to the previous year. However, the company’s provisions and contingencies have also increased substantially, indicating potential risks to the company’s profit and loss statement.
The company’s profit after tax (PAT) has been volatile, with a significant decrease of -72.62% in FY 2022 compared to the previous year. The net interest margin has steadily increased over the years, indicating the company’s ability to generate income from its assets. However, the net profit margin has been negative in some years, indicating the company’s inefficiency in managing its expenses.
Despite the fluctuations in the company’s financial performance, IDFC Bank has been able to maintain a positive basic EPS (earnings per share) in most years, with a maximum of 0.88 in FY 2021 and a minimum of -5.94 in FY 2020. Overall, the company’s revenue growth has been steady, but it needs to focus on reducing its provisions and contingencies to improve its profitability.
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FAQ’s
What is the maximum share price target of IDFC First Bank in 2026?
The maximum share price target of IDFC First Bank in 2026 is Rs. 106.43
What is the maximum share price target of IDFC First Bank in 2027?
The maximum share price target of IDFC First Bank in 2027 is Rs. 90.46
What is the maximum share price target of IDFC First Bank in 2028?
The maximum share price target of IDFC First Bank in 2028 is Rs. 162.83
What is the maximum share price target of IDFC First Bank in 2029?
The maximum share price target of IDFC First Bank in 2029 is Rs. 334.48
What is the maximum share price target of IDFC First Bank in 2030?
The maximum share price target of IDFC First Bank in 2030 is Rs. 372.49
CONCLUSION: IDFC FIRST BANK SHARE PRICE TARGET
According to the bank’s financial filings for the previous five years, it appears that both its overall income and provisions and contingencies have grown significantly. Since its profit after tax (PAT) has been negative for two of the previous five years, the bank has not been consistently profitable. Although the bank’s basic EPS has been negative for two of the previous five years, its net interest margin and net profit margin have been increasing gradually. Without additional research and comprehension of the bank’s long-term goals and strategy, it might not be wise to view IDFC Bank shares as a solid buy at this time. That is usually recommended.
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