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.
Nifty has support at 8570 and resistance at 8680-8
Sandeep Wagle of powermywealth.com is of the view
Krish Subramanyam of Altamount Capital is of the v
IDFC Ltd has informed BSE that a meeting of the Bo