IDFCFIRSTB - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.4
| Stock Code | IDFCFIRSTB | Market Cap | 59,910 Cr. | Current Price | 69.6 ₹ | High / Low | 87.0 ₹ |
| Stock P/E | 36.6 | Book Value | 54.7 ₹ | Dividend Yield | 0.36 % | ROCE | 5.99 % |
| ROE | 3.84 % | Face Value | 10.0 ₹ | DMA 50 | 69.2 ₹ | DMA 200 | 73.2 ₹ |
| Chg in FII Hold | -0.24 % | Chg in DII Hold | 0.35 % | PAT Qtr | 319 Cr. | PAT Prev Qtr | 503 Cr. |
| RSI | 56.7 | MACD | 0.74 | Volume | 2,56,06,993 | Avg Vol 1Wk | 3,61,30,429 |
| Low price | 58.1 ₹ | High price | 87.0 ₹ | PEG Ratio | -2.95 | Debt to equity | 7.04 |
| 52w Index | 40.0 % | Qtr Profit Var | 4.89 % | EPS | 1.90 ₹ | Industry PE | 15.0 |
📉 IDFC First Bank is trading just above its 50 DMA (₹69.2) but below the 200 DMA (₹73.2), showing short-term support but long-term weakness. RSI at 56.7 suggests neutral momentum, while MACD is slightly positive (0.74), hinting at mild bullish crossover. Bollinger Bands indicate price hovering near mid-range, not strongly overbought or oversold. Current volume (2.56 Cr.) is below average (3.61 Cr.), reflecting reduced participation.
🔑 Short-term momentum signals: Mild bullish bias, but sustainability depends on reclaiming ₹73–₹75 zone.
🎯 Entry Zone: ₹67–₹70 (support region)
🚪 Exit Zone: ₹75–₹80 (resistance region)
📊 Trend Status: Consolidating with slight bullish tilt
Positive
- Strong 52-week index return of 40%
- Positive quarterly profit variation (+4.89%)
- DII holding increased (+0.35%), showing domestic institutional confidence
- MACD positive crossover supports short-term momentum
Limitation
- High P/E (36.6) compared to industry (15.0)
- Weak ROE (3.84%) and ROCE (5.99%)
- High debt-to-equity ratio (7.04)
- PEG ratio negative (-2.95), indicating poor growth valuation
Company Negative News
- Quarterly PAT dropped from ₹503 Cr. to ₹319 Cr.
- FII holding decreased (-0.24%), showing reduced foreign investor interest
Company Positive News
- DII holding increased (+0.35%), reflecting domestic support
- Quarterly profit variation (+4.89%) indicates operational improvement despite lower PAT
Industry
- Industry PE at 15.0 highlights sector trading at more reasonable valuations
- Banking sector remains under pressure from high credit costs and regulatory tightening
Conclusion
⚖️ IDFC First Bank shows weak fundamentals with high valuation and low profitability metrics. Technicals suggest mild bullish momentum but trend remains consolidative. Best suited for cautious entry near ₹67–₹70 with profit booking around ₹75–₹80. Sustained move above 200 DMA (₹73.2) is critical for trend reversal.
Would you like me to extend this into a comparative overlay with peers (like Federal Bank, RBL Bank, and IndusInd Bank) to highlight relative valuation and technical strength?