BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Morgan Stanley downgrades IDFC Bank to equal weight
Morgan Stanley has downgraded IDFC Bank to "equal weight" with a target price of Rs 66. The stock has rallied 45 per cent in the last three months. IDFC Bank's balance sheet looks strong with high capital. Near-term valuation looks full at 1.5 times FY2018 estimated book value. We expect quarterly earnings progression to remain volatile.