IDFC First Bank Shares Rally 30 Percent in Six Months Supported by Strong Q2 Update

IDFC First Bank shares delivered a 30 percent rally over six months following robust financial year performance and a strong Q2 business update.

Jefferies India reported a 30 percent growth in loans, 26 percent in deposits, and 20 percent in CASA for the September quarter.

Stock market analysts recommend holding the scrip or buying on dips with a near-term target of Rs 86 per share.