Infrastructure Development Finance Company

Difficult times for IDFC

Posted by : pkk07

Ultimately Nifty will bottom out in the range of 2400 - 2800. On Fridays close, NIFTY PE was still 14. Not really cheap given the weak fundamentals.

Difficult times for IDFC

Posted by : vam_aru

Dear Mukut,

Even though the street signs looking bullish on the Markets now, we will see a selling pressure come to every level, as more persons took the stocks at dirt cheap rates, and when they see a 25 % or 30 % rise they can not resist but to sell, This will bring down the market again and again. I see a strong resistance at 3800 levels for nifty.

Difficult times for IDFC

Posted by : investor11

Thanks for ur opinion but i feel Nifty 3800 means IDFC should be around 75+ i am sure by looking at the fundamentals it should outperform.
regards

Difficult times for IDFC

Posted by : vam_aru

Dear Investor11,

I`m going watch to watch the level of 3800 on nifty closely, on the slightest signs of weakness also I will book profits on my SOLD PUTs and Buy PUTS...

Play with caution, market is not going to anywhere in a hurry.. so we have plenty of time to plan and PLAY...

Difficult times for IDFC

Posted by : investor11

Thjere would be recovery monady on but not subtle it would be gradual which is healthy for the market.I see Nifty to close below 3600 by this expiry.Novemeber may see further higher no due to amprovement in global economic scenario.

Difficult times for IDFC

Posted by : investor11

Thjere would be recovery monady on but not subtle it would be gradual which is healthy for the market.I see Nifty to close below 3600 by this expiry.Novemeber may see further higher no due to amprovement in global economic scenario.

Difficult times for IDFC

Posted by : vam_aru

Dear Mukut,

Even though the street signs looking bullish on the Markets now, we will see a selling pressure come to every level, as more persons took the stocks at dirt cheap rates, and when they see a 25 % or 30 % rise they can not resist but to sell, This will bring down the market again and again. I see a strong resistance at 3800 levels for nifty.

Difficult times for IDFC

Posted by : vam_aru

Dear Mukut,

Even though the street signs looking bullish on the Markets now, we will see a selling pressure come to every level, as more persons took the stocks at dirt cheap rates, and when they see a 25 % or 30 % rise they can not resist but to sell, This will bring down the market again and again. I see a strong resistance at 3800 levels for nifty.

Difficult times for IDFC

Posted by : mukut

I am expecting bounce back on monday. Nasdaq closed in green, N-Deal signed, Inflation down, CRR down and RBI and Sebi assured good health for bancking and financial system. Now Monday bounce back lead by short covering will take it to 65.

Difficult times for IDFC

Posted by : mukut

I am expecting bounce back on monday. Nasdaq closed in green, N-Deal signed, Inflation down, CRR down and RBI and Sebi assured good health for bancking and financial system. Now Monday bounce back lead by short covering will take it to 65.

Difficult times for IDFC

Posted by : Bullalways

IDFC has seen some spectacular appreciation in the last one year. Now all those gains have been given up and it is back to the point from where it started all.
From a macro perspective, I believe IDFC will have difficulty in raising credit to fund indian infrstructure growth and this is primarily telling on the stock. The other aspects are low returns from the PE business, brokerage business and AMC business due to bad market performance.
The only silver lining for IDFC will be advisory services in this gloom environment.
Moreover one has to factor in the high risk of NPAs cropping up at this stage.

Considering this I believe IDFC is fairly valued and at most can go back to 80 levels.

will it come back??

Posted by : pkk07

Those who are holding from 200 and did not sell at 150 or 100 have no point selling now at 50.

For buyers however, they must remember that Nifty closed below PE 15 for the first time this year on Friday. We are going to spend 12-18 months below PE 15. There may be rallies in between like we had in August but we will stay below PE 15 for a long time. So buyers should start buying in small quantities now. Also remember, there is never a need to chase prices in a bear market. The stock will always be available cheaper the next day / week / month.

will it come back??

Posted by : mukut

Do u want people to exit at this level who are holding this scrip from 200 level and buy at 31-32? :) It may dip or not nobody knows but now market can start can take any direction from this level. So I would advice people to hold or start accummulate if u want to enter into IDFC.

will it come back??

Posted by : avrochan

IDFC, BU AT 31-32/- ONLY. The Infra/Realty sector is going to be badly butchered in coming days and I am surprised to see some analysts giving buy recommendation. If you look at analysts recommendations like a most senior Ashwini Gujral, we could see prices falling to 1/4 in couple of weeks. Be careful any accummulation at this point, IIP is worst, generally there is mass slow down. Wait for a bottom which we can see when prices hit back. In the case of IDFC, it is an overrun script with multibagger recommendation and the price may fall to Rs.31-32 levels. So wait for an accummulation at that level.


10-10 Buy now to reap rewards 24-30 months later: Angel Broking