Axis Securities initiates coverage on IDFC First Bank, sees 31% upside

Axis Securities initiates coverage on IDFC First Bank, sees 31% upside

Confident that the company would grow profitably from hereon supported by its successful transition from infrastructure lending to building a diversified retail-focused loan book, Axis Securities initiated coverage on with a buy rating and a target price of Rs 70, implying an upside of 31% from the current market price of Rs 53.3. The company … Read more