IDFC First Bank stock up over 30% in last one year; should you buy now?

The bank reported strong numbers on most fronts including profitability, funded asset, customer deposits, capital adequacy, asset quality and net NPAs, in the December quarter of the current financial year (Q3FY23).

IDFC First Bank to raise ₹2,196 crore via preferential allotment of shares

Equity shares of face value of ₹10 each fully paid-up, on a preferential basis will be issued IDFC Financial Holding Company Limited at a price of ₹58.18 per unit, including premium of ₹48.18 per share, IDFC First Bank said in a regulatory filing.

CLSA upgrades IDFC First Bank to 'buy', raises target price by 19%; here's why

<ul><li>With more assurance on the liability side, the global brokerage has upgraded the private bank's rating. </li></ul>

IDFC First Bank gained 4.2% after net profit doubles in Q3

Following the strong Q3 numbers, the stock opened higher at ₹61.50 apiece during Monday intraday trade compared to the previous closing price of ₹59.35 and it continued to rise to hit an intraday high of ₹61.85. In Q3FY23, the bank reported a net profit of ₹605 crore.

Zero-fee Banking: IDFC First Bank announces waiver of charges on customer-centric services; all you need to know

On the occasion of its Foundation Day on 18th December, IDFC First Bank has announced Zero-fee banking on savings accounts, the bank said in a release on Saturday.

IDFC First Bank: After around an 80% jump in 4 months, Motilal Oswal sees another 25% upside

IDFC First Bank has been giving positive returns continuously for the last 4 months, since July after being in the red for the first 6 months of the current calendar year.

IDFC First Bank hits fresh 52-week high; analysts think bull run may continue

<ul><li>On October 4, IDFC First Bank stock hit its fresh 52-week high of ₹54.15 in intraday trade and eventually ended 7.90% higher at ₹53.25 on BSE.</li></ul>

IDFC First Bank vs Canara Bank: Which is a better investment option for long-term? We ask analysts

IDFC First Bank and Canara Bank are two mid-sized banks one from the private sector and the latter from the public sector. While in the last 1 year Canara Bank soared over 50 percent, IDFC First Bank has added just 10 percent in this period.

IDFC Bank and RBL Bank: These two banking stocks have risen by more than 30% in one month

In the last month, two private sector lenders, IDFC First Bank, and RBL Bank have increased by 35.18% and 32.05%, respectively. Shares of IDFC first bank rose 5.51% on average in the last two trading sessions.

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IDFC First Bank stock up over 30% in last one year; should you buy now?

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