IDFC First Bank shares extend post-Q1FY27 results rally. Will it climb to a new 52-week high?

IDFC First Bank posted its highest-ever quarterly profit of Rs 1,075 crore for Q1FY27, up 132.4% year-on-year, driven by 20.6% growth in loans and advances to Rs 3,05,370 crore and an 18.6% rise in total customer business to Rs 6,04,776 crore. Asset quality improved sharply with GNPA falling to 1.51% from 1.97% and NIM expanding to 5.96% from 5.71%. Nuvama upgraded the stock to 'Buy' with a target price of Rs 95, citing strong retail franchise and RoA expansion to 1.0% in FY27.