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IDFC First Bank Ltd sees sustained buying

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Capital Market
Last Updated : Jan 28 2022 | 1:31 PM IST

IDFC First Bank Ltd is quoting at Rs 47.2, up 2.72% on the day as on 12:54 IST on the NSE. The stock is flat in last one year as compared to a 27.28% spurt in NIFTY and a 25.33% spurt in the Nifty Bank index.

IDFC First Bank Ltd is up for a third straight session in a row. The stock is quoting at Rs 47.2, up 2.72% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is up around 1.43% on the day, quoting at 17354.6. The Sensex is at 58048.43, up 1.35%. IDFC First Bank Ltd has dropped around 0.42% in last one month.

Meanwhile, Nifty Bank index of which IDFC First Bank Ltd is a constituent, has dropped around 9.31% in last one month and is currently quoting at 37982.1, up 0.86% on the day. The volume in the stock stood at 164.65 lakh shares today, compared to the daily average of 279.92 lakh shares in last one month.

The benchmark February futures contract for the stock is quoting at Rs 47.4, up 2.49% on the day. IDFC First Bank Ltd is flat in last one year as compared to a 27.28% spurt in NIFTY and a 25.33% spurt in the Nifty Bank index.

The PE of the stock is 0 based on TTM earnings ending September 21.

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First Published: Jan 28 2022 | 1:05 PM IST

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