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Buy IDFC; L&T Fin's valuation, return ratio high: Kotak

Nischint Chawathe, NBFC Analyst, Kotak is betting on IDFC, which is trading below book. He says over the next three years even if the finance company gets converted into a bank and sees pressures on Return on equity (RoE), it would still be a good buy.

first published: Feb 19, 2014 12:02 pm

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