Sudarshan Sukhani of s2analytics.com recommends buying IDFC at current prices.
Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "At Rs 75, I would assume that IDFC has bottomed out. It has seen the worst that it could see. IDFC is not a day trading stock. This is a very nice price to be a buyer. We were upbeat when it was Rs 150, at Rs 95, it is much better proposition."
At 14:39 hrs IDFC was quoting at Rs 94.50, up Rs 2.25, or 2.44 percent. It has touched an intraday high of Rs 99.75 and an intraday low of Rs 94.20.
The share touched its 52-week high Rs 185.35 and 52-week low Rs 76.25 on 07 January, 2013 and 28 August, 2013, respectively. Currently, it is trading 49.02 percent below its 52-week high and 23.93 percent above its 52-week low. Market capitalisation stands at Rs 14,319.85 crore.
Set email alert for
ADS BY GOOGLE
video of the day
Why HSBC MF has a contrarian bet on IT stocks