Nomura Bullish on IDFC First Bank: 25% Upside Predicted, 'Buy' Rating Issued

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CNBC TV18•07-01-2026, 08:12

Nomura Bullish on IDFC First Bank: 25% Upside Predicted, 'Buy' Rating Issued

•Brokerage firm Nomura initiated 'buy' coverage on IDFC First Bank Ltd. shares with a price target of ₹105.
•The target implies a 25% upside potential from Tuesday's closing levels for the Mumbai-based private lender.
•Nomura cites IDFC First Bank's shift to broad-based profitability and a strong retail-focused model.
•Strong growth visibility is expected, with loan and deposit CAGR of 20% and 22% respectively (FY26-28).
•Superior fee income, improved RoA/RoE, and a sector-leading 67% EPS CAGR by FY27 are also projected.

Why It Matters: Nomura recommends 'buy' on IDFC First Bank, citing strong financials and growth potential for 25% upside.

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