IDFC looks good: Jitendra Mehta

IDFC is looking good, says Jitendra Mehta, AVP Institutional Equity, Edelweiss.

Mehta told CNBC-TV18, "IDFC has taken support at slightly longer-term bottom around Rs 120 and looks pretty interesting here. It would be comfortable putting in more longs in case it starts sustaining above Rs 140 levels here." He further added, "Jain Irrigation is already pulled back sharply from its bottom and might have already exhausted the kind of thrust, which is required. So I think among the two, IDFC looks pretty interesting.