IDFC First Bank Stock Dips as UBS Downgrades to 'Sell', Cuts Price Target to ₹75

Overview

Brokerage firm UBS has downgraded IDFC First Bank to 'Sell' from 'Neutral', significantly reducing its price target to ₹75 per share from ₹80. Key reasons cited include modest upside to Return on Assets (RoA), limited improvement in credit costs, and expensive valuations. UBS also lowered its Earnings Per Share (EPS) estimates for FY26 and FY27.