IDFC First Bank share price target | Stock to buy today: IDFC First Bank shares are one of those rare stocks that have delivered whopping returns in the financial year 2026-27. The banking stock remained under the selling pressure in the first quarter of 2026 i.e. from January to March, but IDFC First Bank share price started showing upside movement after entering the FY27, and it has remained an ideal ‘buy on dips’ stock for Dalal Street bulls.
According to stock market experts, the bull run in the IDFC First Bank shares are expected to continue after the strong Q2FY27 business update. They said that the private lender has done well in retail lending, deposits, and CASA. So, the stock may continue the uptrend. They said that the IDFC First Bank share price is looking strong on the technical chart and may soon touch the ₹86.50-per-share level.
The private lender reported strong Q2FY27 business with strong growth in lending and deposits. The lender has also improved its CASA.
Decoding the IDFC First Bank Q2FY27 business update, Jefferies India report says, “For Sep-Qtr, IDFC First Bank reported 30% growth in loans, 26% in deposits & 20% in Casa. These compare with 21%, 18% & 25% in the Jun-qtr. LDR stands at 90%.”
The global investment bank said that growth rates were boosted by $3.6bn in FCNR-B deposits, of which $2.6bn was via loans; adjusted for these, loans grew by 20% and deposits by 14%. The bank has utilised FCNR-B deposits to repay deposits & CDs; LCR has improved from 116% in June to 125%. According to the bank, asset quality remains strong. Our FY27e for loans & deposits is at 20% & 23%.