Munish_Jain

IDFCFIRSTB | Multiyear Breakout

Long
NSE:IDFCFIRSTB   IDFC FIRST BANK
πŸ“Š DETAILS
Sector: Bank - Private
Mkt Cap: 61,975 cr

IDFC First Bank is engaged in the business of Banking Services. IDFC FIRST Bank was founded by the merger of Erstwhile IDFC Bank and Erstwhile Capital First on December 18, 2018.

TTM PE : 21.29 (Average PE)
Sector PE : 24.27
Beta : 1.07

πŸ“š INSIGHTS
MC Insights PRO
Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators

12.91% away from 52 week high
Underperformer - IDFC First Bank up by 0.4% v/s NIFTY 50 up by 1.99% in last 1 month

πŸ“ˆ FINANCIALS
Piotroski Score of 7/9 indicates Strong Financials

Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
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Order cancelled:
DID NOT CLOSE ABOVE TRENDLINE AND NOW BREAKING SUPPORT, IF CLOSE BELOW WE CAN SEE BIG DOWNSIDE
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