07 Jan 2026 | 5 Mins Read
Nomura sees 25% upside in IDFC First Bank shares
Flipitmoney
Nomura initiated coverage on IDFC First Bank with a "buy" rating and ₹105 price target, implying a 25% upside from Tuesday's ₹84.78. Key factors behind the recommendation include sustained profitability, strong liabilities franchise, and granular retail model. The brokerage forecasts 39% core-PPP profit CAGR and 67% EPS CAGR over FY26-28, driving sector-leading RoE and EPS growth.