{"id":104407,"date":"2023-06-22T17:10:00","date_gmt":"2023-06-22T11:40:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=104407"},"modified":"2023-06-22T16:40:00","modified_gmt":"2023-06-22T11:10:00","slug":"multibagger-stock-with-1700-increase-in-net-profit-dips-5-heres-why","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/multibagger-stock-with-1700-increase-in-net-profit-dips-5-heres-why\/","title":{"rendered":"Multibagger stock with 1,700% increase in Net Profit dips 5%; Here\u2019s why\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-746825443\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>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.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-756491140\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>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 invested Rs 1 Lakh into the stock, it would have converted to Rs 2.67 Lakhs within a period of one year.&nbsp;<\/p><p>After a remarkable period of growth from the start of this month, the stocks were seen to be falling after CLSA, an international Brokerage house, downgraded the stock from a \u2018Buy\u2019 to an \u2018underperform\u2019 rating.&nbsp;<\/p><p>The Brokerage believes that the stock valuations, post the surge it observed in the past few months, do not completely portray the operations and the need on improving their return on equity (ROE) numbers.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3509507050\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Another development that took place is pertaining to a leadership change wherein the company, through a regulatory filing with the Bombay Stock Exchange (BSE), announced Mr. Madhivanan Balakrishnan as the Executive Director (ED) and Chief Operating Officer (COO) of the Bank for a tenure of three years. The same is subject to approval from the shareholders of the Bank.&nbsp;<\/p><p>The consolidated financial results represent a total income of Rs 27,195 crores during FY22-23 as compared to Rs 20,345 crores of income in the previous year. Moreover, the net profits witnessed a drastic change from Rs 132 crores during FY21-22 to Rs 2,485 crores in FY22-23 indicating an increase of 1,782 percent.&nbsp;<\/p><p>According to the shareholding data available as of the March 2023 quarter, Promoters of the company hold a 39.99 percent stake, and Foreign Institutional Investors (FIIs) hold a 19.31 percent stake in the company.&nbsp;<\/p><p>Established in the year 2015, <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/IDFCFIRSTB\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">IDFC First Bank<\/a><\/strong> falls into the category of a commercial bank providing various banking services as well as debt-financing facilities including loans, etc. It serves both, companies with small and middle-market nature.\u00a0<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Amit Madnani<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-626591265\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>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.&nbsp; 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 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":13574,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[9163,8912,9164,9162,6741,8797,3418,3464,2660,3912,2838,3157,2597],"class_list":["post-104407","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-idfc-first-bank-latest-news","tag-idfc-first-bank-q4-results","tag-idfc-first-bank-q4-results-2023","tag-idfc-first-bank-share-price","tag-idfc-first-bank-stake-in-yes-bank","tag-latest-stock-market-news","tag-multibagger-companies","tag-multibagger-returns","tag-multibagger-stock","tag-multibagger-stock-to-watch","tag-multibagger-stocks","tag-stock-to-watch","tag-stocks-to-watch"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Multibagger stock with 1,700% increase in Net Profit dips 5%; Here\u2019s why\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The shares of IDFC First Bank Limited slipped more than 5 percent today and currently trade at Rs 78. 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