IDFC First Bank posts ₹1,075 cr Q1 profit, shares jump

Business Jul 27, 2026

IDFC First Bank's stock jumped almost 10% on Monday, hitting a fresh 52-week high of ₹88.76.

The buzz? The bank posted a huge 132% year-over-year profit increase for Q1 FY27: net profit leaped to ₹1,075 crore.

By late morning, shares were still up about 6%, trading at ₹85.45.

Brokerages raise IDFC First targets ₹75-₹115

Big brokerages responded quickly, raising their price targets for IDFC First Bank.

JP Morgan bumped its target to ₹90 thanks to strong retail and SME growth, and solid deposit gains.

CLSA now sees the stock at ₹95, while Nomura raised its target to the same after updating earnings forecasts.

Investec is even more optimistic with a new target of ₹115; Morgan Stanley lifted its target to ₹75 but stayed cautious about valuations.