TheScreener - IDFC First Bank Ltd. (IDFCFIRSTB) Increased risk weighs on IDFC FIRST BANK, penalising its rating down to Slightly Negative

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Increased risk weighs on IDFC FIRST BANK, penalising its rating down to Slightly Negative

The independent financial analyst theScreener just lowered the general evaluation of IDFC FIRST BANK (IN), active in the Speciality Finance industry. As regards its fundamental valuation, the title still shows 2 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Slightly Negative. As of the analysis date February 18, 2022, the closing price was INR 44.40 and its target price was estimated at INR 39.73.

19/02/2022 1 EN

Underlying

IDFC First Bank Ltd.

IDFC Bank is a universal banking company based in India. Co. is active in the banking sector with a focus on Commercial and Wholesale Banking, Bharat Banking and Personal and Business Banking business and an added emphasis on infrastructure financing. Co.'s banking business consists of three distinct strategic business verticals as follows: Commercial and Wholesale Banking caters to large corporates, mid-markets & SME clients (commercial banking), Government business, financial institutions, treasury, cash management, transaction banking and investment banking; Bharat Banking caters to semi-urban and rural areas; and Personal and Business Banking caters to the urban retail consumers.

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INE092T01019 National Stock Exchange of India India

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TheScreener

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Increased risk weighs on IDFC FIRST BANK, penalising its rating down to Slightly Negative

Empowering Investors

IDFC First Bank Ltd: 1 director

Monthly LMI Update Independent Investment Research

AC ENERGY CORP increases its risk exposure and slightly lowers to Neutral

With a more favourable environment, VUKILE PROPERTY improves to Positive

An unfavourable environment weighs on ROYAL BAFOKENG PLATINUM, which sees a downgrade to Slightly Negative

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