IDFC First Bank Limited Stock Analysis
IDFC FIRST BANK LIMITED
Headquartered in Mumbai IDFC Bank is a universal bank offering financial solutions through its nationwide branches Internet and mobile. IDFC Bank offers basic services like Savings Accounts NRI Accounts Fixed Deposits Home Loans Personal Loans among others using technology and a service-oriented approach to make banking simple and accessible anytime and from anywhere.
Duration = 3 Months
Target Price = 90 - 100 INR
Recommendation Price = 45 - 50 INR
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IDFC and Shriram Group have agreed to merge to create a financial conglomerate and offer various types of retail and corporate loans. The companies will finalise the deal within 90 days (from mid July 2017)