IDFC can go upto Rs 150: Gujral

Excerpts from Bazaar on CNBC-TV18 Watch the full show » RELATED NEWS IDFC to list $ 1.2 bn infra fund, stock up Stocks in news: Idea, Ranbaxy, Grasim, GHCL, IDFC ALSO READ See previous views by Ashwani Gujral See what other Experts & Brokerages are saying about IDFC See messages about IDFC IDFC BSE | NSE 13/02/12 Are Mutual Funds betting on IDFC?

Technical Analyst, Ashwani Gujral is of the view that Infrastructure Development Finance Company with a stoploss of about Rs 100 one could trade it back upto Rs 150 provided market is able to rally up.

Gujral told CNBC-TV18, "IDFC is now at very strong support so I do believe that if there is some sort of exhaustion of the financials on the downside and these are great levels from a longer-term point of view to get into financials. IDFC with a stoploss of about Rs 100 you could trade it back upto Rs 150 provided market is able to rally up."

Disclosure: Analyst is long on Nifty but does not have any holdings in stocks.

Share Price Movement During The Last 12 Months
Period	Price	Latest Price	Gain/Loss (Rs.)	% Gain/Loss
3-Days	126.80	126.25	-0.55	-0.43
5-Days	133.70	126.25	-7.45	-5.57
7-Days	138.65	126.25	-12.40	-8.94
15-Days	147.60	126.25	-21.35	-14.46
1-Month	165.30	126.25	-39.05	-23.62
3-Month	156.55	126.25	-30.30	-19.35
6-Month	228.10	126.25	-101.85	-44.65
9-Month	133.20	126.25	-6.95	-5.22
1-Year	112.00	126.25	14.25	12.72