Why IDFC First Bank Shares Are Rallying In Trade | Stock Market News | IDFC First Bank News

IDFC First Bank shares hit a fresh 52-week high today, rising more than 3% in trade, with the stock gaining nearly 50% over the past six months. The move comes after Motilal Oswal Financial Services upgraded the stock to Buy from Neutral and set a target price of ₹105. The brokerage highlights the bank’s stronger deposit franchise, $3.57 billion FCNR-B mobilisation, improving cost efficiency and easing credit pressures. Motilal Oswal expects pre-provision operating profit to grow at a 42% CAGR between FY26 and FY28, while return on assets could recover to around 1.2% by FY28. Here’s what is driving the latest rally in IDFC First Bank.