IDFC First Bank Shines with 150.80% Returns

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Over the past year, the stock market has witnessed several standout performers, with mid-cap and small-cap stocks priced under ₹100 gaining significant popularity. Among these, IDFC First Bank has emerged as a true success story, delivering an impressive return of 150.80% to its shareholders.

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IDFC First Bank has been a front-runner in the banking sector, captivating investors with its exceptional performance.  Within a span of one year, the bank's stock price skyrocketed from ₹31 apiece to ₹77.75, translating to a remarkable gain of 150.80%.

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One significant development that has garnered considerable attention is the potential inclusion of IDFC First Bank in the MSCI Standard Index.  The MSCI review, scheduled for August 2023, holds the possibility of IDFC First Bank's entry into the prestigious index. This speculation has further fueled the bank's stock, resulting in a notable 17% surge in May.

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