Multibagger Pvt Bank Shares Hit New 52-Week High, Q4 Net Profit Soars 134%

Shares of IDFC First Bank Ltd traded their new 52-week high in trade on Wednesday. IDFC Bank stock opened at Rs 71.89 apiece, its 52-week high price also, and touched day's low of 70.50 per share in trade on May 31. The bank witnessed a surge of 134% in its standalone net profit for Q4 FY23 to Rs 803 crore as against Rs 343 crore declared in the corresponding quarter of last year. Its net interest income rallied by 35% YoY to Rs 3597 crore and operating profit jumped 61% YoY to Rs 1342 crore. Check details below:

IDFC Bank Stock Performance & Return: Shares of IDFC Bank have been trading new 52-week high for the last 3 sessions. The shares also registered spurt in volume by over 1.07 times on May 30. IDFC Bank share 52-week high price is Rs 71.89 per share and 52-week low price is Rs 28.95 per share, respectively.

It has a market capitalisation of Rs 46,751.02 crore. IDFC Bank stock gave return of 28% in last 3-months, 21% in last 6-months, 95% return in last 1-year, and 220% return in last 3-years.

IDFC Bank About: IDFC Bank was created by the demerger of the infrastructure lending business of IDFC Ltd., a leading infrastructure financing company primarily on project finance and mobilisation of capital for private sector infrastructure development, according to its official website.