IDFC Stock Shows Positive Growth and High Dividend Yield

IDFC, a leading finance and non-banking financial company (NBFC) in the largecap industry, has seen a positive trend in its stock performance. On December 15, 2023, the company's stock gained 3.04%, outperforming the sector by 3.46%. This has led to a 'Hold' call by MarketsMOJO for IDFC's stock.

In terms of price summary, IDFC's stock has been on a consecutive gain for the last 3 days, with a 5.05% increase in returns during this period. The stock also touched an intraday high of Rs 127.45, showing a 3.41% increase. Additionally, IDFC is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend.

One of the key highlights of IDFC's stock is its high dividend yield of 8.92% at the current price. This makes it an attractive option for investors looking for stable returns. In comparison to the Sensex performance, IDFC's stock has outperformed with a 1-day performance of 2.76% against Sensex's 0.74%. Similarly, in the last 1 month, IDFC's stock has shown a 5.15% increase, while Sensex has seen a growth of 8.17%.

Overall, IDFC's stock has shown a positive trend and has been recommended as a 'Hold' by MarketsMOJO. With its strong performance and high dividend yield, IDFC continues to be a promising option for investors in the finance and NBFC industry.