IDFC First Bank Ltd
Amidst the boom in the stock market, IDFC First Bank Ltd has emerged as the biggest good news for investors. In this article, we will discuss the company’s functioning, its current position in the stock market, information about returns, and the biggest good news related to its investment plan.
IDFC First Bank Share Company Information
IDFC First Bank is a private sector company that offers a range of services in personal banking, including savings accounts, deposits, investments, insurance, payment cards, and forex. The company also provides business banking services such as loans, cash management, account deposits, and investment solutions.
Current Status of IDFC First Bank Share
The market cap of IDFC First Bank is 61,974.27 crores. The promoter holding of the company is 39.93%. The company has shown a profit growth of 1,575%. The dividend yield is 0%, and the Return on Equity (ROE) and Return on Capital Employed (ROCE) are recorded at 10.44% and 9.09% respectively.
Return Information for Last 5 Years
IDFC First Bank Share has consistently delivered good returns to investors. In the last 6 months, it has provided a return of 62%. Over the past 1 year, the return has been 83%. In the last 3 years and 5 years, the returns are 43% and 43% respectively. This showcases the company’s track record of generating consistent returns.
IDFC First Bank Share 2.6%
In the quarterly results presented in June 2023, IDFC First Bank showcased impressive figures. The company has witnessed significant growth in its annual results. The current trading price of the share is ₹93, with a 52-week high of ₹95 and a 52-week low of ₹46. In a major investment, America’s largest asset management company GQG has purchased a 2.6% stake in IDFC First Bank Share, investing a total of 1527 crores.
Rajeev Jain, the partner at American Asset Management GQG, believes that IDFC First Bank is a promising investment opportunity due to its consistent performance and the fact that its stock is trading below Rs.100.
Disclaimer: The purpose of this news article is to provide information. Akhandindia.com.in does not provide investment advice. Investing in the stock market involves risks, so it is advisable to seek expert advice before making any investment decisions.
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