IDFC gains on CLSA, Deutsche Bank upgrades

Shares in Infrastructure Development Finance Company (IDFC) rose 4.6% after both CLSA and Deutsche Bank upgrade the stock
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May 10, 2012, 03.40 PM | Source: Reuters

IDFC gains on CLSA, Deutsche Bank upgrades

Shares in Infrastructure Development Finance Company (IDFC) rose 4.6% after both CLSA and Deutsche Bank upgrade the stock

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IDFC gains on CLSA, Deutsche Bank upgrades

Shares in Infrastructure Development Finance Company (IDFC) rose 4.6% after both CLSA and Deutsche Bank upgrade the stock

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IDFC gains on CLSA, Deutsche Bank upgrades
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.

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IDFC gains on CLSA, Deutsche Bank upgrades

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