Buy IDFC closer to Rs 125: Baliga

Buy IDFC closer to Rs 125, says Ambareesh Baliga, Karvy Stock Broking.

Baliga told CNBC-TV18, "We like something like an IDFC, which infact has corrected extremely well from those levels, which we had seen four-five months back. So at levels closer to around Rs 125, which it had touched a couple of days back, we would look at buying that." The company's trailing 12-month (TTM) EPS was at Rs 8.28 per share. (Dec, 2010). The stock's price-to-earnings (P/E) ratio was 16.30. The latest book value of the company is Rs 64.89 per share. At current value, the price-to-book value of the company was 2.08. The dividend yield of the company was 1.11%.