rdkriplani

IDFC First - Short term breakout

NSE:IDFCFIRSTB   IDFC FIRST BANK
Above 26.90 the stock could do 30.
SL 3% below buy price.

Over the weekend vodafone paid interest to its bond holders. IDFC First has provisioned approx 1700 cr of Vodafone-Idea in its books. They can either show that as profit now that it must have become a regular account or use that provision for Covid based defaults while not affecting its profitability next quarter.

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