Brokerage Motilal Oswal downgraded the stock to neutral with a revised target price of Rs 95 following its September quarter earnings on Saturday. IDFC First Bank stock has delivered a 60% return since it initiated coverage in October 2022. “Post sharp outperformance over the past one year the stock now offers a limited upside to our revised fair value,” Motilal Oswal opined.
AMCs and brokerages outperforming despite lending challenges: Digant Haria
This year it is not going to happen. And which is why, yes, the sector is getting narrower and narrower. In the large banks, the