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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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