IDFC first bank share price target: hold, buy or sell? Know here

IDFC First Bank was established in 2018 prior to the merger of IDFC Bank and Capital First. Retailing of the business has been a key focus. Retail financing assets are ~67% of total financing assets • Branch network is 707 as of December 2022.


Therefore, we maintain BUY. Going back to FY25E, we value IDFC First Bank at ~1.5x FY25E ABV and maintain a target price of 70 rupees per share.

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