Jan 08, 2013, 04.52 PM | Source: CNBC-TV18
One can buy IDFC with a stop loss of Rs 165, says Rahul Mohindar, Director, viratechindia.com.
Rahul Mohindar (more)
Director, viratechindia.com | Capital Expertise: Equity - Technical
Mohindar told CNBC-TV18, " Reliance Infrastructure I don’t think we are looking at very serious upsides given the current rally that you have seen. Possibly about Rs 590-600, that's a possibility on the stock. We must not forget the stop loss on this is going to be around Rs 525 mark. So if one is initiating fresh positions it needs to be short-term with that stop."
He further added, " IDFC , looks a much more interesting pick particularly if I am looking at this beyond the short-term and extending my frame to maybe at least 3-6 months. I think IDFC can be bought into even at these levels keeping a stop at Rs 165. I think the stock is poised for about Rs 205-210 near about that 2010 peak, which we came to."