May 08, 2012, 01.06 PM | Source: CNBC-TV18
Sudarshan Sukhani, s2analytics.com feels that IDFC may slip to Rs 100.
Sudarshan Sukhani (more)
Technical Analyst, s2analytics.com | Capital Expertise: Equity - Technical
Sukhani told CNBC-TV18, “I expect to see Rs 100 or sub Rs 100 in IDFC but it’s difficult to say when. Whenever the next correction starts IDFC should crack and go below Rs 100. In the meantime it is always possible that it rallies and reaches its cost price. That is little uncertain. Ideally I would suggest that one should get out of IDFC shares and go into State Bank of India, Axis Bank or ICICI Bank. Both are in financials and better banks will perform much better than IDFC which is an underperformer.”
Disclosure: I have no personal holding in the above mentioned stock.