IDFC First Bank has delivered exceptional Q1 FY28 results, posting a record quarterly profit of ₹1,075 crore, representing a remarkable 132% year-on-year growth. This strong performance has further fueled the bank's impressive rally, with shares surging 50.7% to July month's high of ₹88.70 in FY2026-2027. The bank's total customer business, comprising loans and customer deposits, grew 18.6% YoY to ₹6,04,776 crore as of June 30, 2026, compared with ₹5,10,031 crore a year earlier. Loans and advances rose 20.6% to ₹3,05,370 crore, led by growth in mortgage, vehicle, corporate and consumer loans, while customer deposits increased 16.6% YoY to ₹2,99,405 crore.
The bank demonstrated significant improvement in asset quality during the quarter. Gross Non-Performing Assets (GNPA) declined to 1.51% from 1.97% a year ago, while Net NPA fell to 0.44% from 0.55%. The Retail, Agri and MSME (RAM) portfolio also witnessed improvement, with Gross NPA reducing to 1.40% and Net NPA to 0.52%. Customer deposits showed strong growth with CASA deposits growing 24.6% to ₹1,58,492 crore, pushing the CASA ratio to 50.8%. The bank's cost of funds improved to 5.96%, reflecting a decline of 46 basis points from the previous year, while Net Interest Margin (NIM) improved to 5.96%.
Both stocks have formed a 'Golden Crossover' on the daily charts, where the 50-day moving average (DMA) has crossed over the long-term 200-DMA. As reported by Business Standard, analysts view this as a positive development, with near-term support levels seen moving higher on charts. The technical term indicates a shift from a downtrend to an uptrend in the medium- to long-term outlook. This technical formation, combined with the bank's record financial performance, provides strong fundamental support for the continued rally.
According to Jatin Gedia, VP Technical Research at Teji Mandi Investment Technologies Pvt Ltd, reported by Business Standard, the stock has witnessed a breakout of a five-week consolidation on the upside, suggesting resumption of the primary uptrend after consolidation. The 50-day moving average (₹76.21) crossed above the 200-day moving average (₹76.80) after a period of four months, marking a shift in medium- to long-term outlook. Gedia suggests that dips towards these averages should be considered buying opportunities as they will act as support and attract buying interest, with the stock potentially moving towards the all-time high of ₹101. The bank's improved operational metrics, including ROA of 1.06% compared to 0.54% in Q1 FY26, further strengthen the technical outlook.
As reported by Business Standard, Prestige Estates has witnessed a brief mean reversion and is now resuming its primary uptrend. The realty space is witnessing significant buying interest lately, and Prestige is experiencing a shift in its medium- to long-term trend evident from the fresh Golden Cross on the daily charts. Gedia recommends using dips towards the immediate support around the 50-DMA (₹1,520 levels) as buying opportunities, with the 200-DMA (₹1,515) used as a trailing stoploss. On the upside, the analyst suggests the stock can move towards the all-time high levels of ₹1,900.
