IDFC First Bank shares slide 4% on posting 58% YoY decline in Q4 profit. Should you buy, sell or hold?

IDFC First Bank’s shares are under scrutiny following a 58% YoY drop in Q4 net profit, attributed to a decline in its microfinance loan portfolio. Despite this, NII increased by 9.8% YoY, and customer deposits saw a 25.2% rise. Nuvama maintains a ‘Hold’ rating, anticipating improved RoA in coming years, though the stock’s valuation is considered fair.