IDFC can go upto Rs 150: Gujral

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IDFC can go upto Rs 150: Gujral

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.

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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 28/05/12 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.