External broker reports(aggregated public sources), ICICI Securities Ltd

ICICI Securities Limited

External broker reports(aggregated public sources)

ICICI Securities Ltd

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. 

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Equity Bottom-Up

<ul>
<li>IDFC Ltd is registered with RBI as NBFC - Investments. Besides banking, it also has investments in diverse businesses such as asset management, and infrastructure debt fund.</li>
<li>IDFC Ltd has jumped over 11% with the reverse merger news coming in; while in the past one year, the stock has increased over 50%</li>
<li>In our SoTP, IDFC First Bank is valued at ~1.6x FY23E ABV and AMC business at 4% of AAUM to arrive at a revised target price of Rs 70 per share for IDFC Ltd </li>
</ul>
<div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>


IDFC Ltd is registered with RBI as NBFC - Investments. Besides banking, it also has investments in diverse businesses such as asset management, and infrastructure debt fund.
IDFC Ltd has jumped over 11% with the reverse merger news coming in; while in the past one year, the stock has increased over 50%
In our SoTP, IDFC First Bank is valued at ~1.6x FY23E ABV and AMC business at 4% of AAUM to arrive at a revised target price of Rs 70 per share for IDFC Ltd 

Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

IDFC Ltd: Three-Way Merger Getting Closer

India

IDFC Limited offers infrastructure project financing services.  The Company primarily finances energy, telecommunications, and transportation projects.

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IDFC Ltd (IDFC IN)

IDFC Ltd: Three-Way Merger Getting Closer

IDFC Ltd is registered with RBI as NBFC - Investments. Besides banking, it also has investments in diverse businesses such as asset management, and...

ICICI Securities Limited

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