World Trade Flash

IDFC First Bank shares can rally 23%, says Nomura after initiating coverage with Buy call

IDFC First Bank shares can rally 23%, says Nomura after initiating coverage with Buy call

IDFC First Bank shares rose after Nomura initiated coverage with a Buy rating, citing strong loan growth, improving margins and moderating credit costs. The brokerage sees over 23% upside, driven by earnings acceleration and better operating leverage over FY2…

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