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Is IDFC First Bank a good buy?

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Is IDFC First Bank a good buy?

BUY IDFC FIRST BANK LTD The stock has the strong support of an ascending trend line from the bottom suggesting demand at lower levels. From a risk-reward point of view, it is placed at a lucrative zone and is expected to outperform in near future.

Which bank is multibagger stock?

One such multi-bagger share is that of Axis Bank. The price of one share of Axis Bank has increased from Rs 4.81 to Rs 787.40 in the last 20 years. This means the private lender has returned 163 times during this period. The stocks that give returns that are several times their costs are known as multi-bagger stocks.

Is IDFC bank safe to invest?

9,594 crore as on June 30, 2019. The various other positive aspects include high growth in net interest margins and improved cost to income ratio. The second aspect to note is that the deposits are AAA rated by CRISIL, which is the highest level of safety.

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Is HDFC Bank a multibagger?

Likewise in last 5 years, HDFC Bank share price has risen from around ₹635 per share levels to ₹1680 — yielding multibagger return of around 165 per cent.

How strong is IDFC First Bank?

IDFC FIRST Bank now has a strong funded asset base of more than ₹ 1,10,400 crore with 37\% in the retail segment. Its quarterly annualised Net Interest Margin has expanded from 1.9\% to 3.0\% post-merger. The Bank now enjoys a leading position in some of the retail asset segments.

Is IDFC First Bank OverValued?

Is IDFC FIRST BANK UnderValued or OverValued? As on 17-Dec-2021, IDFC FIRST BANK is Over Valued based on the estimates of intrinsic value and hence may not be a good buying opportunity according to Share Valuation at this time!

Which bank is better RBL or IDFC?

RBL Bank offers Business Loan upto an amount of ₹ 10 Lakh, while IDFC First Bank offers Loan upto an amount of ₹ 9 Lakh. Therefore, RBL Bank can be a better option if you are looking for a high value amount.

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Can Yes Bank be multibagger?

Yes Bank is a multibagger, can grow at double the industry rate: Parag Jariwala, Religare Capital.

Is IDFC Bank Safe 2021?

At the moment, there is no visible threat in IDFC Bank’s viability. In fact, the deposits of the bank have a AAA rating. It is, therefore, safe to say that the interests of small depositors of scheduled commercial banks in India have always been protected.

Can zomato be multibagger?

Prashanth Tapse VP Research at Mehta Equities says Zomato will be a tough bet for a “multibagger story” as the accumulated losses of the company has piled up and it only requires more capital to keep the business going.

Is IDFC related to HDFC?

IDFC Bank limited is the corporate agent (IRDAI Reg No:CA0106) of HDFC Life. Life insurance policies are underwritten by HDFC Life Purchase of insurance products through IDFC Bank is voluntary and not linked to availing of any other services of the Bank.

Will IDFC First Bank share skyrocket in next 5 to 10 years?

Yes definitely IDFC FIRST bank share will skyrocket the market in upcoming 5 to 10 years. Mr Vaidyanathan, the CEO and managing director of the bank looks quite confident that the bank is fast moving towards profitability . The the quality of the management is of paramount importance for a bank and Mr Vaidyanathan is a very ethical person.

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Why IDFC First Bank’s liability profile is weak?

IDFC First Bank, the merged entity, has one of the weakest liability profile, among peer, led by greater reliance on borrowings & wholesale deposits. This is attributable to dependence of Capital First Ltd on borrowings and large chunk of borrowing portfolio (including infrastructure bonds) held by erstwhile IDFC bank.

How is the CEO of IDFC Bank?

It’s estimated that over half of high net worth investors are all(Continue reading) CEO V. Vaidyanathan very great person, rubbed a company Capital first company and merged the company in IDFC bank . The company is in expension now, and concentrating in retail book. Which help in loan and Low NPA . The current share price is good at now.

Should you invest in ididfc first bank?

IDFC First Bank will led by the new MD & CEO, Mr Vaidyanathan. Therefore, strong management and its execution skills remain the key investment theme. In Capital First (NBFC), the new MD has successfully demonstrated his expertise in establishing & developing a retail business with a strong track record.