If you are also thinking of investing in IDFC First Bank but are still confused, then this blog which you are going to read is going to be very helpful for you Is IDFC Bank Stock Good for Long term|Fundamental analysis|
What is the full form of IDFC Bank?
- I – Infrastructure
- D – Development
- F – Finance
- C – Company
Fundamentals Of IDFC First Bank
If we look at the fundamentals of IDFC First Bank, the fundamentals of the company appear to be quite strong.
The company falls in the category of mid cap companies with a market cap of Rs 60000 crore, while the company has made a high of ₹ 100 and low of ₹ 52 in the last 52 weeks.
The CASA ratio of the same company is around 50% which makes it even more reliable.
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Board of Directors of IDFC Bank
The management staff of IDFC First Bank is highly skilled and experienced staff who have been leading IDFC First Bank for the last many years. Following are the key people involved in the management of the company: –
- Mr. V Vaidyanathan – CEO & MD
- Mr.Aashish Kamat – Independent Director
- Mrs.Brinda Jagirdar – Independent Director
- Mr. Pravir Vohra – Independent Director
- S.Ganesh Kumar – Independent Director
- Mr.Sanjeeb Chaudhari – Non-Executive Chair Person
What is the future of IDFC Bank share?
If we look at the fundamentals of IDFC First Bank, the future of the company looks quite bright.
The company has given returns of about 45% in the last 1 year and 20% in the last 3 years which is considered good.
The participation of institutional investors in the same company is 24% and the participation of domestic institutional investors is 10%, which makes this company even more reliable.
That is why if you are looking for a bank for long term investment then IDFC First Bank can be the best and safest option for you.
If we talk about banking sector, this sector is going to grow a lot in the coming time, which you can also take advantage of.
Which is better HDFC or IDFC?
Talking about banking sector, HDFC Bank is the largest private sector bank, hence there is no other bank compared to it.
The market cap of this bank is around Rs 12 lakh crore, whereas the market cap of IDFC First Bank is only around Rs 60000 crore.
HDFC Bank is way ahead of IDFC Bank in terms of customer base and branches.
However, if we look at the returns of the last 1 year, here IDFC First Bank is ahead of HDFC Bank.
If I give personal opinion HDFC bank can be better and profitable.
This is one of the interesting and informative blog for all traders and investors.so read this blog Is IDFC Bank Stock Good for Long term|Fundamental analysis| till end.
Is IDFC First Bank undervalued?
Yes IDFC First Bank is undervalued.
If we talk about intrinsic value then the share price of IDFC First Bank should be trading at ₹118 at this time but currently its share price is trading at ₹85.5,
thus IDFC First Bank is currently trading at 28% Undervalued price.
That is why if you are thinking about long term investment then do not miss this opportunity.
Which bank is good Icici or IDFC?
ICICI Bank is a bigger bank than IDFC First Bank.
While the market cap of ICICI Bank is around Rs 6,87000 crore, the market cap of IDFC First Bank is only Rs 60,000 crore.
While the share price of ICICI Bank is currently trading at ₹980, the share price of IDFC First Bank is at ₹50.
However, in terms of returns, IDFC First Bank is ahead of ICICI Bank in the last one year,
where ICICI Bank has given a return of 13 percent in the last one year, while IDFC First Bank has given a whopping return of 45 percent in the last one year.
That is why it becomes very difficult to choose a better bank for investment among these two banks.
However you can choose IDFC First Bank for long term investment
What is the share price target of IDFC First Bank in 2024?
According to the share price of IDFC First Bank which has increased from ₹ 60 to ₹ 85 in the last one year, the company can cross the mark of ₹ 120 by the year 2024.
However, the company’s management has great confidence in the growth of the bank, who believe that the share price of IDFC First Bank will cross ₹200 by the end of the year 2024.
Although the company has made a high of ₹100 in the last 1 year but now after much correction it is trading around ₹85 which is giving you a better buying opportunity.
If you are a Begginer in Share Market then this blog Is IDFC Bank Stock Good for Long term|Fundamental analysis| will help you to Analyze a company.
What is the share price target of IDFC in 2025?
The share price of IDFC First Bank has ranged between ₹100 and ₹50 in the last 1 year.
While the company had made a high of ₹100, the share price of the company is currently trading at ₹85.
Very little increase is being seen in the share price
According to which the share price of the company is gradually increasing upwards, then by the year 2025 the share price of the company can reach the figure of 300.
That is why if you are thinking of long term investment then invest in this bank only, otherwise this bank may not prove to be a better option for short term investors.
According to the company management, the company management believes that by the year 2025, the share price of IDFC First Bank will cross the figure of ₹ 300.
What is the dividend of IDFC First Bank in 2023?
No, currently IDFC First Bank is not paying dividend because this company has not been able to earn much profit for some time.
And if a company does not make profit in the stock market then how will it give dividend, so do not invest in this company for dividend.
Top Shareholders in IDFC First Bank
Promoter participation in IDFC First Bank is only 37 percent, while participation of institutional investors seems to be quite strong.
The participation of foreign institutional investors in the bank is around 22% and the participation of domestic institutional investors is seen at around 10%,
which can be considered quite better, while the public holds 27% of the shares of the company.
Stock market experts believe that the company which has more participation from foreign institutional investors and domestic institutional investors will definitely grow in the future,
so if you are thinking about long term investment then please think once about the IDFC First bank.
Following are some of the major shareholders of the company:
- Govt.of India – 16.36%
- Theleme partners LLP – 4.550%
- Aashish Dhawan – 3.500%
- HDFC Asset management – 3.532%
- The Vanguard Gp. – 2.918%
- Ellipsis Partners LLP – 2.319%
- Cherubim ventures Ltd. – 2.316%
- Aakash Bhanshali – 2.147%
Conclusion of Is IDFC Bank Stock Good for Long term|Fundamental analysis|
After doing complete fundamental analysis of IDFC First Bank we have come to the conclusion that this bank is very less volatile i.e.
there is very less fluctuation in the share price of the bank and the share price of the bank is going very slowly.
However It is increasing continuously, so if you are a long term investor then invest in this bank only because you will not get much profit in short term investment.
I hope this blog Is IDFC Bank Stock Good for Long term|Fundamental analysis|was very helpful to you.