HomeNewsBusinessHold IDFC Bank, may touch Rs 100: Vijay Chopra

Hold IDFC Bank, may touch Rs 100: Vijay Chopra

Vijay Chopra of enochventures.com recommends holding IDFC Bank and expects the stock to test Rs 100.

July 06, 2017 / 15:13 IST
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Vijay Chopra of enochventures.com told CNBC-TV18, "I suppose that if somebody has to be investing in India story, banking cannot be left out. I suppose that IDFC Bank which is a relatively new entrant into the market, is still to spread its wings and we have still not seen the capacity the bank can work because they have the legacy of IDFC which has been fabulous."

"I think that one should wait longer and there is a possibility that this stock can go up to even Rs 100. So surely there is a lot of good news buzz around this stock. One should hold on to the stock. Yesterday we saw 10 percent run up on the counter. So my sense is that it can comfortably go to Rs 100 but one has to wait for a longer period probably six months is a smaller timeframe. One to one and a half years is quite possible that this stock touches Rs 100," he said.

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first published: Jul 6, 2017 02:57 pm

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