IDFC First Bank Share Price News: The stock of IDFC First Bank Limited is in focus today i.e. April 16, 2024. Leading brokerage firm Jefferies has maintained a BUY rating on this private sector bank.

Stocks of IDFC First Bank Limited climbed by less than 1 per cent on Tuesday. Around 9:21 am, shares of this private sector bank traded at Rs 82.42 apiece, down by Re 0.30 points or 0.36 per cent. The scrip registered a high of Rs 82.92 and a low of Rs 82 so far. More than 2 lakh equity shares changed hands at the same time.

IDFC First Bank Limited Share Price Target 2024

Jefferies has maintained a Buy rating with a target price of Rs 100. The brokerage firm said that the deposit franchise is well appreciated. “Margin expansion will be a positive. Cost trends have disappointed; multiple levers for improvement. Credit quality is topical; deeper insights may help. Capital needs are imminent and a rise in ROE is key,” Jefferies said.

IDFC First Bank Share Price History

IDFC First Bank Limited is a constituent of the S&P BSE 100. According to BSE analytics (as of April 16, 2024), shares of IDFC First Bank Limited rose by 0.32 per cent and 6.80 per cent in the last one week and 2 weeks, respectively. The company’s share fell by 4.70 per cent and 8.29 per cent in the last 3 months and 6 months, respectively. On a YTD basis, the company’s share is down by 5.81 per cent. In the past 1 year, 2 years, 3 years and 5 years, the share of the private sector bank climbed by 53.10 per cent, 100.05 per cent, 57.71 per cent and 53.33 per cent, respectively.

IDFC First Bank Dividend History

IDFC First Bank has announced dividends three times since 2016. In 2016, the private sector bank announced a dividend of Re 0.25 with an ex-date on July 19. Similarly, in 2017 and 2018, the company declared a dividend of Re 0.75 in July.

IDFC First Bank in News

Last month, the Nomination and Remuneration Committee of the IDFC First Bank approved the grant of 50,000 stock options to eligible employee(s) of the Bank under the ‘IDFC FIRST Bank Limited - Employee Stock Option Scheme’.

“The Exercise Price of these stock options has been determined in accordance with the SEBI (SBEB & SE) Regulations and will vest equally over a period of five years (viz. 20 per cent each year) with an exercise period of 3 years from the date of respective vesting,” the company said in an exchange filing.

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)

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2024-04-16T04:21:43Z dg43tfdfdgfd