IDFC First Bank to became next HDFC Bank

IDFC First Bank stock gives over 101% returns in 4 months; Should you buy after Q2 results?

IDFC First emerged as multi-bagger stock with gains of more than 100% in a span of a little over 4 months. 

During the muhurat trading hour on Monday, IDFC First shares clocked a new 52-week high of ₹59.40  

Net Interest Margin improved by 15bps on YoY basis to 5.98 per cent in Q2FY23.

There is more potential for upside in IDFC First Bank shares.

With the bank’s profit after tax has grown consistently for the fifth consecutive quarter