IDFC First Bank and AU Small Finance report strong quarterly results
IDFC First Bank achieved its highest quarterly profit, leading to a buy recommendation for futures. AU Small Finance Bank also exceeded expectations with NIMs at 5.9%, prompting similar trading advice. Both banks show strong performance in the sector.
after close1 source ↓written by the desknot a recommendation
IDFC First Bank reported its highest ever quarterly profit, prompting a recommendation to buy futures with a stop-loss at ₹80 and targets of ₹83 and ₹84.25.
Similarly, AU Small Finance Bank's results exceeded expectations, with NIMs improving to 5.9%. Traders are advised to buy futures with a stop-loss at ₹990 and targets of ₹1020, ₹1030, and ₹1038.
Bank of Baroda and Bank of India reported mixed results, with guidance for strong loan and deposit growth for FY27.
Not investment advice. For informational purposes only.