May 10, 2012, 03.40 PM | Source: Reuters
Shares in Infrastructure Development Finance Company (IDFC) rose 4.6% after both CLSA and Deutsche Bank upgrade the stock
CLSA raises IDFC to "buy" from "outperform" and keeps its 12-month target price at Rs 150 , citing "attractive" valuations and positives from its recent earnings, including an uptick in loan growth and more stable asset quality.
Deutsche Bank upgrades IDFC to "buy" from "hold" and keeps price target at Rs 140, also citing valuations, and adding net spreads will expand due to a likely decline in funding costs in the second half of fiscal 2013.
IDFC stock price
On May 27, 2016, IDFC closed at Rs 49.65, up Rs 2.35, or 4.97 percent. The 52-week high of the share was Rs 163.50 and the 52-week low was Rs 34.80.
The latest book value of the company is Rs 98.92 per share. At current value, the price-to-book value of the company was 0.50.
"Every other bank is now being goaded on towards t
HeidelbergCement India has reported a sales turnov
Medi-Caps has reported a sales turnover of Rs 6.77
When you unplug you mind for a minute, you restore
Reliance Infra posted its third quarter results. N
Himalaya's Ravi Prasad talks about the contrarian
The continuous uptrend in Indian market is reflect
Lovaii Navlakhi, from International Money Matters