IDFC First Bank Ltd down for fifth straight session

IDFC First Bank Ltd is down for a fifth straight session today. The stock is quoting at Rs 71.99, down 3.87% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 1.24% on the day, quoting at 22406.15. The Sensex is at 72534.84, down 0.98%.IDFC First Bank Ltd has lost around 14.05% in last one month.Meanwhile, Nifty Bank index of which IDFC First Bank Ltd is a constituent, has eased around 2.61% in last one month and is currently quoting at 54925.7, down 1.7% on the day. The volume in the stock stood at 121.84 lakh shares today, compared to the daily average of 189.25 lakh shares in last one month.

The benchmark October futures contract for the stock is quoting at Rs 72.03, down 3.73% on the day. IDFC First Bank Ltd tumbled 7.94% in last one year as compared to a 13.14% slide in NIFTY and a 6.43% fall in the Nifty Bank index.

The PE of the stock is 28.72 based on TTM earnings ending June 26.

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