IDFC First Bank Share Price Target: The share price of IDFC First Bank is in focus in today’s trading session after the lender announced its Q4 results. Following the earnings report, leading brokerages including Morgan Stanley, Motilal Oswal, and Nuvama shared their analysis, maintaining largely neutral views on the stock while highlighting a potential upside of up to 18 per cent.
Shares of IDFC First Bank, a constituent of the Nifty Bank index, settled 0.7 per cent, or Rs 0.4, lower at Rs 67.39 on Friday (April 24).
Despite the Q4 performance, brokerages remained cautious in their outlook, with most assigning ratings such as ‘Neutral’ or ‘Hold’, reflecting a balanced view of the bank’s near-term growth prospects and asset quality trends.
Nuvama maintains a HOLD call
Nuvama retained its ‘Hold’ rating and revised its target price to Rs 75–80. This reflects an upside of 11 to 18 per cent from the current price level.
The brokerage noted that while the bank missed estimates on net interest income (NII), non-interest income, and operating expenses, lower provisions and a one-time tax benefit helped profit after tax (PAT) beat expectations.
It highlighted that microfinance institution (MFI) slippages declined 37 per cent quarter-on-quarter, while non-MFI slippages fell 13 per cent, bringing credit costs down to 1.63 per cent. Nuvama also said deposit growth, which had slowed due to a fraud-related issue, has normalised in April.
MOSL sees over 11% upside
Motilal Oswal maintained a ‘Neutral’ rating with an unchanged target price of Rs 75, implying over 11 per cent upside.
The brokerage described the quarter as tepid and impacted by one-offs, despite a 17 basis point sequential improvement in net interest margin (NIM). Elevated provisioning weighed on overall performance.
Morgan Stanley expects slight downside
Morgan Stanley also maintained its ‘Equal-Weight’ stance with a target price of Rs 65, citing strong core operating performance, NIM expansion, and improving asset quality, while noting that valuation appears full relative to its return on equity trajectory. The price target given by the brokerage implies a downside of nearly 4 per cent.
However, it is important to note that during the quarter, the Haryana government de-empanelled IDFC First Bank and ordered the withdrawal of all state funds following a Rs 590 crore fraud detected in February 2026 at its Chandigarh branch.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
