In the trading session of Saturday, the share price of this private sector bank moved up by 0.4 percent on BSE to hit an intraday high at Rs. 77.5, compared to its previous closing price of Rs. 77.24. With a market capitalisation of Rs. 54,759.83 crore, the share price of IDFC First Bank Limited jumped [...]
The banking industry facilitates economic transactions, manages funds, and offers financial services. The banking system, which includes commercial, investment, and central banks, plays a crucial role in driving economic growth, maintaining monetary stability, and managing wealth at national and global levels. Banks and financial institutions hold non-performing assets (NPAs), which no longer produce income for [...]
Upside potential is the expected positive increase in the value of an investment. This shows an investor's potential profit. Evaluating upside potential entails examining market trends, financial performance, and external variables to predict a positive rise in investment value. Here are the two bank stocks with upside potential of up to 27%; IDFC First Bank [...]
The Reserve Bank of India approved ICICI Prudential Asset Management Company Ltd's acquisition of up to 9.95 percent stakes in Federal Bank, IDFC First Bank, RBL Bank, IndusInd Bank, and Equitas Small Finance Bank on Thursday. Federal Bank Ltd The Federal Bank Limited was established in 1931 as Travancore Federal Bank Limited. It offers retail [...]
Two stocks under the ‘large-cap’ category fell up to 3 percent after Warburg Pincus, a US-based Private Equity (PE) Firm, has likely sold its stake in the companies via Block Deals. The stocks of Bharti Airtel Limited closed in the red on Thursday at Rs 1,000, slipping around 2.50 percent as compared to the previous [...]
In This large-cap company, Goldman Sachs bought 2.47 Cr shares via a block deal. The stock has delivered 86% returns in one year and 53% returns in YTD to the investors. The stock closed above the both 50-day and 200-day moving averages. IDFC First Bank A large-cap company, IDFC First Bank has a market capitalization [...]
A transaction containing at least 0.5% of the total number of a company's listed shares is referred to as a bulk deal. On Monday this large-cap banking stock jumps upto 4% after a bulk deal. This stock has delivered 90% returns in one year to the investors and it's currently trading above the 50-day and [...]
Making another major deal in the Indian banking space, days after the amalgamation of HDFC Twins, another bank has announced a merger with its parent in an all-stock transaction. Shares of IDFC Ltd gained 6% to reach an intraday high of ₹ 115.70, while the shares of IDFC First Bank lost 6% to reach an [...]
Free cash flow in any financial year is the amount of cash that is left with a business after they have accounted for all the cash generated from the operations and deduct all the capital expenditure(capex) of that year. And it includes all operating cash income and cash expenses. Here are three Mid-cap multibagger stocks [...]
The shares of IDFC First Bank Limited slipped more than 5 percent today and currently trade at Rs 78. The Bank has a market capitalization of Rs 51,500 crores. Keeping a horizon of one year, the scrip has delivered multibagger returns of around 167 percent to its stakeholders. It means that if someone would have [...]
