IDFC First Bank’s shares hit a 52-week high of INR 70 on the NSE as it rallied by over 5% over the past three trading sessions. A 15-17% rally from the current level by the middle of July will result in the stock making a cut in the MSCI Standard Index in its August review, as per a note by brokerage firm Nuvama. The quarterly down-sloping trendline breakout confirms trend reversal on long-term charts. The bank’s standalone PAT jumped 134% YoY to INR 803 crore in the March quarter, which is the highest-ever quarterly profit for the bank.
Sandip Sabharwal picks ICICI, Axis as banking stocks with upside potential
Market expert Sandip Sabharwal identifies ICICI, Axis, and Kotak as top banking picks, citing upside potential. He also sees value in infrastructure stocks like NCC
November 20, 2025