Avoid IDFC, says Sudarshan Sukhani

One can avoid IDFC, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "IDFC is still a short sell. One-two days of rallies are not enough to justify changing stance. However, I would not sell it either, in fact I would avoid it. If there is a sharp rally then it is a sell into strength otherwise step aside."
At 10:47 hrs IDFC was quoting at Rs 147.70, up Rs 0.75, or 0.51%. It has touched an intraday high of Rs 148.95 and an intraday low of Rs 146.15.
The share touched its 52-week high Rs 185.35 and 52-week low Rs 118.85 on 07 January, 2013 and 07 May, 2012, respectively. Currently, it is trading 20.31% below its 52-week high and 24.27% above its 52-week low. Market capitalisation stands at Rs 22,372.53 crore.
The company's trailing 12-month (TTM) EPS was at Rs 10.59 per share. (Dec, 2012). The stock's price-to-earnings (P/E) ratio was 13.95. The latest book value of the company is Rs 80.16 per share. At current value, the price-to-book value of the company was 1.84. The dividend yield of the company was 1.56%.