IDFC First Bank Share Price Target 2024,2025,2026.2027,2028

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Hello, and welcome to another share price target. Investing in the stock market can give us good results, but it is very important to know the potential of stocks in future. It does not matter whether you are a beginner or a regular investor.In this article, we will do well on the IDFC First Bank Share Price Target 2024,2025,2026,2027,2028 and 2030 and discuss all aspects of your investing strategy. We hope by the end of this article, you will have a good understanding of the share price target of the company in the coming years which is a positive sign.

Overview Of The IDFC First Bank

The IDFC First Bank is the merger of two entities, IDFC Bank and Captial First, in 2018 due to some issues. In DEC 2015, IDFC Bank was given a license and was founded by Rajiv Lall in 2015. Mr Lall is a famous economist and baker. Mr Lall started his career in the World Bank in Washington, DC; later on, he founded the IDFC bank. He played a crucial role in shaping the strategic direction and operations. On the other hand, Captial First was founded by Vaidyanathan Chandramouli in 2012. He is also a great economist and has more than thirty years of experience in the finance sector.

The bank aims to provide banking services across the country and has reached worldwide. In the initial capital, First provided small-scale services to customers, such as retail and small business loans. After the merger, the bank focused on providing a wide range of products to its customers across the country, such as banking services, Lone, and financial services to its customers.

IDFC First Bank Share Price Target 2024

According to the consolidated financials, the company spent 11.09% of its operating revenues on interest expenses and 10.79% on employee costs for the year ending March 31, 2024.
The bank provides very good service at your doorstep, with many services, such as savings and current accounts. The bank also gives you the facilities of online lone services, which are hassle-free.

According to market experts and the deep research conducted by our team, the minimum share price target of IDFC First Bank is ₹117.66, and the second target is ₹121.55.

2024	Minimum Target	Maximum Target
July	₹83.07	₹89.90
August	₹87.78	₹99.72
September	₹100.53	₹103.76
October	₹107.74	₹111.49
November	₹112.99	₹116.54
December	₹117.66	₹121.55

IDFC First Bank Share Price Target 2025

There can be seen growth in the bank’s net profit. The company’s net profit is 2957 crore in the financial year 24 at the end of March 31 2024. At the end of March 312023, the profit was 2437, a 20% increase from the financial year FY23 to FY24.

Growth of 29% can also be seen in the operating expenses of the bank, which is ₹4447 crore in the fourth quarter of the FY24, which was ₹3436 crore during the same period of the FY23.

Looking towards 2025, in January, the minimum share price target of the IDFC Bank can be ₹122.05, and the maximum target of the bank may remain ₹127.33; in December, the minimum and maximum share price target will remain ₹167.17 and ₹170.76, respectively in good market conditions.

2025	Minimum Target	Maximum Target
January	₹122.05	₹127.33
February	₹127.88	₹130.35
March	₹131.63	₹135.99
April	₹135.69	₹137.74
May	₹139.64	₹141.90
June	₹144.79	₹147.77
July	₹148.56	₹149.98
August	₹153.00	₹155.09
September	₹155.27	₹160.49
October	₹159.98	₹164.76
November	₹162.77	₹167.77
December	₹167.17	₹170.76

IDFC First Bank Share Price Target 2026

In the company report, In the fourth quarter of fiscal year 2024, the net profit was Rs. 724 crore, which is lower than the Rs. 803 crore earned in the fourth quarter of fiscal year 2023. The profit after tax (PAT) for the fourth quarter of fiscal year 2023 was Rs. 701 crore.

According to research, the first share price target of the company at the start of the year was ₹170.78, and the second target can ₹173.78. At the end of the year, the first target can be ₹193.64, and the second target is 199.99 in favorable market conditions.

2026	Minimum Target	Maximum Target
January	₹170.78	₹173.78
February	₹172.68	₹176.44
March	₹174.23	₹178.68
April	₹171.22	₹179.69
May	₹173.11	₹180.57
June	₹175.38	₹184.39
July	₹178.12	₹187.97
August	₹181.99	₹190.49
September	₹185.01	₹193.87
October	₹187.73	₹196.88
November	₹190.97	₹198.21
December	₹193.64	₹199.99

IDFC First Bank Share Price Target 2027

The bank provides various facilities to its customers, such as mobile banking and net Banking. Recently, the bank has developed and launched its mobile app with more than 250 advanced features such as MF aggregator, electric speed payments, and goal-based investing. And many more facilities in a single app.
You can also pay your GST or income tax with the help of this single app. There are more options in the app, such as you can pay your bills and recharge. You can shop directly through this app.

At the beginning of the year, the minimum share price of IDFC First Bank may be ₹196.12, and the maximum share price target may cross ₹200.95 if the market remains bullish towards the company at the last month of the year, minimum and the maximum share price target of the company ₹223.24 and 225.33 respectively.

2027	Minimum Target	Maximum Target
January	₹196.12	₹200.95
February	₹198.13	₹202.98
March	₹200.32	₹205.52
April	₹202.66	₹207.18
May	₹205.44	₹209.98
June	₹208.73	₹211.43
July	₹210.45	₹213.11
August	₹213.27	₹215.04
September	₹216.04	₹217.89
October	₹219.14	₹220.71
November	₹221.77	₹223.85
December	₹223.24	₹225.33

IDFC First Bank Share Price Target 2028

The net income growth of the bank in FY24 Was 4469 crore in the fourth quarter of the year, which was 3597 crore during the last financial year(FY23), which is 24% higher than the previous year. Overall, the bank has shown good growth in all aspects. Investing in the long term could give good returns in the future, but with time, the data could fluctuate, so please invest responsibly and wisely.

According to market experts’ research, the Bank’s minimum share price target will remain ₹241.49, and the maximum share price target of the Bank could touch ₹245.12 at the end of the year in favorable conditions.

2028	Minimum Target	Maximum Target
January	₹225.10	₹228.78
February	₹224.48	₹230.39
March	₹227.35	₹233.98
April	₹229.95	₹235.26
May	₹231.10	₹236.95
June	₹233.32	₹238.69
July	₹236.73	₹240.61
August	₹239.40	₹242.17
September	₹242.69	₹245.75
October	₹245.55	₹24764
November	₹240.06	₹244.08
December	₹241.49	₹245.12

IDFC First Bank Share Price Target 2030

Bank is continuously increasing its network to reach every village and every town to expand its business. It already has 944 branches with 1164 ATMs across the country. The bank has also touched the magical figure of 400000 crores in total deposits and advances. There is improvement in GNPA and NNPA, which is 1.55% and 0.42%, respectively, till the end of March 31, 2024, excluding infrastructure finance.
So, based on the above calculations and the research conducted by our experts, the minimum target of the company will remain at ₹299.00, and the maximum target of the company may stay at ₹308.53, according to the bullish trend.

2030	Minimum Target	Maximum Target
March	₹274.21	₹277.76
June	₹283.34	₹286.39
September	₹291.54	₹297.89
December	₹299.00	₹308.53

IDFC First Bank Share Price Target 2035

The first share price of the bank is ₹551.23 and the second target is ₹573.18, according to our research and analysis of the market trends.

2035	Minimum Target	Maximum Target
March	₹420.32	₹430.23
June	₹460.14	₹482.65
September	₹499.90	₹521.87
December	₹551.23	₹573.18

Fundamental Analysis of IDFC Bank

Market Cap	55,381.40 cr
Book Value	45.51
Face Value	10.00
P/E Ratio	19.00
52 Week High	100.70
52 Week Low	70.80
EVEBITDA	13.6
PEG Ratio	0.64
ROCE	4.13%
All Time High	100.70
All Time Low	17.65

IDFC First Bank Share Price Target — Credit : Trading View

Share Holding Pattern Of IDFC First Bank

Type of Share Holders	Mar 22	Mar 23	Mar 24	July 24
Promoters	36.49%	39.99%	37.43%	35.39%
FIIs	13.48%	19.31%	23.65%	19.91%
DIIs	9.58%	7.69%	6.79%	12.81%
Goverment	4.20%	3.98%	3.72%	3.52%
Public	36.24%	29.5%	28.38%	28.37%
No. of Sharehoiders	15,68,958	17,07,479	26,11,512	27,63.051

Conclusion

As we have seen, IDFC First Bank is the new Bank and has shown continuous growth since its launch. It emerged in 2018 with the merger of two entities and provides banking facilities to customers nationwide. According to our research and the research executed by market analysts, there could be growth in the company shares, but it could fluctuate with time; if the Bank successfully provides the best facilities to its consumers, the Bank will grow more in upcoming years.

Investing in it could give good returns for the long period according to the latest trends and previous performance of the Bank. If you can tolerate risk and long-term investing, you can go through it. But we suggest you seek your Financial advisor’s advice before investing in any stock.

Disclaimer

Dear readers, this article is only for educational purposes and does not provide any financial advice. We are not SEBI certified and do not provide any investing suggestions. Investing in any stock or asset can be risky. Please do your research and seek the advice of any certified financial advisor before investing. Harveermoney.com is not responsible for any loss.

What is the target of IDFC First Bank share in 2030?

The first share price of the bank is 299.00, and the second target is 308.53, according to our research and analysis of the market trends.

Is IDFC good for long term?

The bank has shown strong CGAR growth of 27.10% in net profits. According to MarketMojo has recommended Hold.

Is it good to invest in IDFC First Bank?

Two analysts among 17 have recommended Sell ratings, and three analysts have recommended Buy ratings. Six have recommended Strong Buy, which has already gained a profit of 731.90 crores in the last quarter, according to the company’s official website.