Hold IDFC, says Avinnash Gorakssakar

Avinnash Gorakssakar, Market Expert told CNBC-TV18, "IDFC should be held on, I think if the investors has got a long term view at least for the next say 15-18 months, I would believe that there is a lot of value which can get unlocked here. In fact earlier merger proposal of Shriram did not work out and now there is much more clarity from the investor’s side both from the institutional side."

"I would believe that they are holding companies for all their business and in fact going forward a lot of value could actually come in in the business apart from the IDFC Bank where they hold a stake. They also have the asset management company, also merger and acquisition as well as the investment backing up, so I would believe that the investor will have to hold on for some more time. But definitely there is a kind of potential for the business to turnaround and with macros improving I would believe that investor should actually take a 12-18 month horizon and prefer to hold on," he added.