idfc first bank share price

IDFC First Bank tumbles 3% after Q1 results. Should you buy, sell or hold?

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IDFC First Bank tumbles 3% after Q1 results. Should you buy, sell or hold?

Shares of IDFC First Bank shares tumbled 3% to its day’s low of Rs 72.31 on Monday, apparently impacted by its first quarter results. Its standalone net profit fell 11% year-on-year (YoY) to Rs 680.65 crore due to increased provisions in JLG (joint liability group) business following floods in Tamil Nadu. IDFC Bank’s net interest … Read more

LIC raises stake in IDFC First Bank by 0.2% to 2.68% via private placement

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LIC raises stake in IDFC First Bank by 0.2% to 2.68% via private placement

State insurer Life Insurance Corporation of India (LIC) has increased its shareholding in IDFC First Bank to 2.68% acquiring the lender’s shares at a price of Rs 80.63 apiece. The total cost of acquisition is Rs 1,500 crore. The number of shares have been raised from 1.42 crore to 20 crore on a preferential basis, … Read more