India's IDFC First Bank hits record high on qtrly profit jump

IDFC First Bank

31/07/2023 10:05

** Shares of IDFC First Bank  IDFB.NS  up as much as 5.18%
to hit record high at 88.30 rupees 
    ** Co on Saturday said net profit climbed more than 61% in
June-qtr, while interest earned rose about 40%
    ** More than 85.4 mln shares changed hands by 2:26 p.m. IST,
almost 2x 30-day avg
    ** Avg recommendation of 10 analysts is 'buy;' median PT is
75 rupees - Refinitiv IBES data
    ** YTD, stock had risen 48% compared to 7% gain in Nifty
Private Bank index  .NIFPVTBNK 

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))