IDFC FIRST BANK at 52 Week High; BSE 500 Index Up 1.0%
February 25, 2021 09:28 AM

IDFC FIRST BANK share price has hit a 52-week high at Rs 66 (up 2.8%).

Meanwhile, the BSE 500 Index is at 20,033 (up 1.1%).

Among the top gainers in the BSE 500 Index today are IDFC FIRST BANK (up 2.8%) and MAX FINANCIAL SERVICES (up 10.0%).

CORPORATION BANK (down 3.9%) and YAARII DIGITAL INTEGRATED (down 3.2%) are among the top losers today.

Over the last one year, IDFC FIRST BANK has moved up from Rs 39 to Rs 66, registering a gain of Rs 26 (up 67.13%).

The BSE 500 has moved up from 15,469 to 20,033, registering a gain of 4,564 points (up 29.5%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 534.4%), DIXON TECHNOLOGIES (up 387.6%) and LAURUS LABS (up 316.2%).

What About the Benchmark Indices?

The BSE Sensex is at 51,337 (up 1.0%). The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 3.1%), AXIS BANK (up 3.1%) and ONGC (up 3.0%). Other gainers include SBI (up 1.5%) and HDFC BANK (up 1.5%). The most traded stocks in the BSE Sensex are ONGC and NTPC.

In the meantime, NSE Nifty is at 15,158 (up 1.1%). HINDALCO (up 3.5%) and AXIS BANK (up 3.3%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 40,363 to 51,337, registering a gain of 10,974 points (up 27.1%).

IDFC FIRST BANK Financial Update...

IDFC FIRST BANK net profit declined 107.9% YoY to Rs 1 billion for the quarter ended December 2020, compared to a loss of Rs 16 billion a year ago. Operating income declined 3.6% to Rs 39.5 billion during the period as against Rs 41.0 billion in October-December 2019.

For the year ended March 2020, IDFC FIRST BANK reported 51.2% increase in net profit to Rs 28.4 billion compared to net profit of Rs 18.8 billion during FY19.

Revenue of the company grew 33.1% to Rs 162 billion during FY20.

The current Price to earnings ratio of IDFC FIRST BANK, based on rolling 12 month earnings, stands at 79.7x.