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IDFC can go upto Rs 150: Gujral
Published on Wed, Jun 11, 2008 at 13:00   |  Updated at Wed, Jun 11, 2008 at 14:11  |  Source : CNBC-TV18

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

 

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Sudarshan Sukhani
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