Motilal Oswal upgrades its rating on IDFC First Bank shares to “Buy” from “Neutral,” prompting a rise in the stock by more than 3% in early trading. NDTV reports that the brokerage also sets a target price of Rs 105 per share.
The upgrade is based on the firm’s view of IDFC First Bank’s progress on key metrics. It points to improvements in the bank’s deposit franchise, continued loan growth, and balance-sheet de-risking. NDTV characterizes these developments as factors supporting the brokerage’s outlook, including its valuation framework tied to 1.6x FY28E ABV.
Across the sources, the emphasis remains on the same catalyst—the rating change by Motilal Oswal and the associated target—while reiterating the bank’s operational progress cited in the note. The articles largely focus on the market reaction and the brokerage’s expected upside rather than reporting new company-specific news.
