BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Deutsche Bank downgrads IDFC Bank to sell
Deutsche Bank has downgraded IDFC Bank to "sell" from "hold" earlier. Current valuations at 1.8 times book value look expensive for a business having RoE of 7-9 per cent. Loan book of the bank to remain corporate heavy for now.