Hold IDFC, says Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com recommended holding IDFC. According to him, the stock is bottoming out and is one of the better infrastructure finance companies.

Sukhani told CNBC-TV18, “The investor should hold on IDFC, which is bottoming out. It is one of the better infrastructure finance companies. It is seeing a rally. I don’t think the investor will get Rs 200 in six months.”
“We are seeing the beginning of some kind of a rally perhaps. When this peaks out at whatever price the investor should get out. The investor will know when it peaks out if he listens to the channel. The investor should not wait for six months if he gets 15-20 percent from current price that is his exit point,” Sukhani added.