IDFC First Bank Q2 profit jumps to Rs 1,045 crore

IDFC First Bank reported Q2 profit of Rs 1,045 crore on October 24, 2026, after a 7.40% weekly fall, with Rs 78 resistance and Rs 70 support in focus. IDFC First Bank Limited [

] closed the week to October 23, 2026 at Rs 72.30, down 7.40%. Results came on Saturday, so Monday is the first reaction session. Rs 78 is the nearest resistance. Profit rose 196.5% to Rs 1,045 crore against Rs 352 crore, and net interest income grew 21% to Rs 6,184 crore. Net bad loans were 0.40%. Profit was slightly below the June quarter figure of Rs 1,075 crore. The weekly chart shows a rising channel from the 2026 low of Rs 58.08, a rectangle near the top, and a break lower after resistance held. The 52-week high of Rs 89.61 came last month, and the stock is about 19% below it. The trend is bearish, with the weekly close below the Rs 78 area and the weekly Relative Strength Index at 37.29, which shows weak momentum. What next: the first test is Rs 78 and then Rs 83 on the upside. Below Rs 70, the market may look at Rs 66. Conclusion: Strong results face a bearish chart. The overall stance stays cautious below Rs 78. Disclosure & Disclaimer: I and my family members do not hold any position in the stock discussed. This content is provided solely for informational and educational purposes and should not be construed as investment advice or a recommendation to buy or sell any security. Investments in the securities market are subject to market risks. Please read all related documents carefully before investing.