India's IDFC FIRST Bank rises on block deals

IDFC First Bank

08/04/2024 09:25

** Shares of IDFC FIRST Bank  IDFB.NS  up 2.1% at 82.35
rupees, rose as much as 3.7%
    ** More than 1.4 mln shares changed hands in two blocks
priced between 81.80-83 rupees/share - LSEG
    ** Stock top percentage gainer in Nifty bank index
 .NSEBANK , which is up 0.2%
    ** Stock on track for third consecutive session of gains, if
trend holds
    ** Trading vol 1.8x 30-day daily avg
    ** Avg rating of 16 analysts equivalent of "buy", median PT
is 91.50 rupees - LSEG
    ** IDFB fell 15.2% in March quarter vs 2.4% fall in Nifty
bank index



 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))