But in this background, a banking stock has become the top trending stock. It is known how the banking shares rallied at the end of last year. It is noteworthy that the share price has almost doubled since October. In this order, IDFC First Bank continues to be the top trending stock. At the beginning of today’s session, it has increased by almost 4 percent and is currently trading at Rs.60.85 levels. This banking stock has given returns of up to 80 percent in the last 6 months alone. According to this calculation, if you invest Rs.1 lakh in this stock less than 6 months ago, it would be Rs.80 thousand now.
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IDFC Bank has a market capitalization of Rs.38000 crores. This Bank Stock NSE Code: IDFCFIRSTB. Investors are now paying more attention to this stock. This increased purchases. There are indications that this stock will rise further in the coming sessions. In the last 6 trading sessions alone, it has risen up to 16 percent. It is also at a record level in terms of volumes. 14 day RSI, MACD indicates bullish zone.
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And last year this stock gave more than 20 percent returns to the investors. Close to the 52-week high. The stock’s lifetime high was recorded at Rs.64.30. That’s why experts say that momentum traders will get good profits if they invest mostly in this stock.
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