IDFC First Bank remains stable after Monday’s defeat, share trading remains flat

Shares of IDFC First Bank traded largely flat on Tuesday morning, a day after the stock crashed nearly 19 per cent, trading at ₹70.16 on the NSE as of 10.22 am, just 0.17 per cent higher than Monday’s closing price of ₹70.04. The stock opened at ₹69.89, hitting a high of ₹70.83 and a low of ₹69.20, with the buy and sell numbers almost balanced at 48.5 per cent and 51.5 per cent respectively, a sharp contrast to Monday’s sell-side dominance of around 85 per cent.

Trading volume stood at around 804 lakh shares with a traded value of ₹563 crore by mid-morning, significantly lower than Monday’s ₹2,027 crore, indicating that the initial panic selling has subsided. Deliverable quantity as a percentage of traded volume rose to 53.67 percent, compared to 38.79 percent on Monday, indicating more belief-based trading than intraday activity. The market capitalization recovered marginally to ₹60,366 crore.

The bank, during exchanges over The Economic Times report on Haryana, which mandated exclusive banking with public sector banks, delisting IDFC First and AU Small Finance, clarified that the share price movement was driven by the fraud revelation on February 21 and not by any de-empanelment, adding that empanelment approvals are routine in the way of business.

The stock continues to fall in value by more than 18 percent this year and about 15.8 percent in the past week. With KPMG’s forensic audit underway and the final financial impact yet to be determined, analysts expect the stock to remain within the range until more clarity emerges on provisions and recovery measures.

Published on February 24, 2026