GENERAL23 Sept 2026
IDFC First Bank gets Buy from Motilal Oswal, upgrades the stock as it sees 23% upside - Check target price | Stock Market News
Motilal Oswal has upgraded IDFC First Bank to Buy from Neutral, with a target price of ₹105. That implies roughly 23% upside from ₹85. The broker liked the bank's stronger deposits, steady loan growth, better operating leverage and controlled credit costs. Retail deposits are now 80% of customer deposits. If you hold banking stocks, treat this as one broker's view, not a guarantee.
Key Statutory Highlights
- Motilal Oswal upgraded IDFC First Bank to Buy from Neutral, with a target price of ₹105 based on 1.6 times FY28E adjusted book value.
- Motilal Oswal expects the bank's loan book to grow about 21% a year between FY26 and FY28E, crossing ₹3.4 lakh crore by FY27E.
- Retail deposits now make up around 80% of customer deposits, compared with 27% at the time of the merger, while the CASA ratio stands at 51%.
Actionable Advice for Taxpayers / Founders:If you hold or plan to buy IDFC First Bank shares, read the full brokerage note and check your own risk appetite before acting on a single upgrade, since ratings and target prices can change.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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