IDFC has target of Rs 148: Dipesh Mehta

Dipesh Mehta of Nirmal Bang Securities is of the view that IDFC has target of Rs 148. One can keep a stop loss of Rs 140 on the lower side.

Mehta told CNBC-TV18, “IDFC has given inline to positive results. It has a positive bias in it, the momentum is also very positive. The 140 Put options are also very active and there is a lot of writing going on, on it. So it will have a strong support at Rs 140 on the lower side for a short-term for a week and we can see targets of Rs 148 coming on IDFC in a day or two time. So one can keep a stop loss of Rs 140 on the lower side and trade IDFC on the long side for targets of Rs 148.”