IDFC First Bank tumbles 3% after Q1 results. Should you buy, sell or hold?
Shares of IDFC First Bank shares tumbled 3% to its dayβs low of Rs 72.31 on Monday, apparently impacted by its first quarter results. Its standalone net profit fell 11% year-on-year (YoY) to Rs 680.65 crore due to increased provisions in JLG (joint liability group) business following floods in Tamil Nadu. IDFC Bankβs net interest…
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