Espresso shot of the day – IDFC Limited up by 10.33 percent

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Espresso shot of the day – IDFC Limited up by 10.33 percent

November 12, 2021
Espresso shot of the day – IDFC Limited up by 10.33 percent

IDFC LIMITED 63.00  (+10.33%) BSE – INE043D01016 | 12TH NOVEMBER 2021


IDFC Ltd has been an integral part of the country's development story since 1997, when their company was formed with the specific mandate to build the nation. Since 2005, they have built on their vision to be the 'one firm' that looks after the diverse needs of infrastructure development. Whether it is financial intermediation for infrastructure projects and services, adding value through innovative products to the infrastructure value chain or asset maintenance of existing infrastructure projects, they have focused on supporting companies to get the best return on investments. Their growth has been driven by the substantial investment requirements of the infrastructure sector in India combined with the growth in the Indian economy over the last several years. Their ability to tap global as well as Indian financial resources has made them the acknowledged experts in infrastructure finance.

Recent Drivers

  • On Nov 10, 2021, the board of directors of company has approved the merger scheme of its wholly owned arms IDFC Alternatives, IDFC trustee company and IDFC projects.
  • On Nov 10, 2021, the Company reported a Quarterly Net Profit of Rs. 261.89 crores in September 2021 up 280.28% from Rs. 145.27 crores in September 2020.
  • On Nov 10, 2021, the Company reported Net Sales of Rs 135.94 crore in September 2021 up 56.72% from Rs. 86.74 crores in September 2020.
  • On Nov 5, 2021, Infrastructure Development Finance Company (IDFC) became the first bank to offer 6.25 percent interest for senior citizens in three-year FDs.
  • On Oct 26, 2021, IDFC Limited's subsidiary submitted a letter to IDFC First Bank Limited with respect to unlocking value for shareholders of IDFC Ltd
  • On Oct 21, 2021, IDFC First Bank has allotted 1,34,900 fully paid up equity shares of Rs 10 each to the allottees, upon exercise of stock options under the IDFC FIRST Bank Employee Stock Option Scheme.
 (Sources: Business Line, Business Standard, Firstpost, Livemint, Times of India)


Technical Force*

  • S&P BSE 500 month till date gain up by 3.26%
  • Traded on 52 Week High Value 64.40
  • Spurt in volume by more than 6.41 times compares to previous vol.3 months avg. volume: 527,486
  • Quantity traded: 24,22,369 | Deliverable quantity: 6,72,692 (27.77%)
  • Stock price has jumped more than 105 % from one-year low level: 30.50 (Nov 12, 2020)
  • Daily RSI (14) is in Oversold territory today
  • 52-week-high: 64.40 | 52-week-low: 30.50


Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

 82.13

63.67

50.33

31.87

18.53

0.07

-

    -

Fibonacci Pivot

63.67

 51.52

44.01

39.18

31.87

24.55

19.72

12.21

0.07


Today’s Close

63.00

SMA

BSE

10 DAY

57.71

20 DAY

56.00

50 DAY

54.70

200 DAY

52.60


Some Key Ratios (Source: BSE)

Market Cap: 10,057.55 crores

PE: 398

OPM%: -

ROE%: 0.27

Promoters holding%: -

Prev. Close: 57.10


Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.