IDFC has target of Rs 136-140: Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that IDFC has target of Rs 136-140.

Sukhani told CNBC-TV18, "IDFC has turned around, it was a bear candidate for all of two years but that is over now. It has finished its bearishness. I am fairly upbeat, for me it is going be an out performer in the financial services sector. You have a target of Rs 136-140. This month is for position traders; don’t go in for small profits, chances are there will be bigger ones."
The company's trailing 12-month (TTM) EPS was at Rs 5.55 per share. (Mar, 2012). The stock's price-to-earnings (P/E) ratio was 24.40. The latest book value of the company is Rs 80.23 per share. At current value, the price-to-book value of the company was 1.69. The dividend yield of the company was 1.7%.
The share touched its 52-week high Rs 160.80 and 52-week low Rs 90.25 on 17 Feb, 2012 and 02 Jan, 2012, respectively.
 
Currently, it is trading -15.83% below its 52-week high and 49.97% above its 52-week low.
 
Market capitalisation stands at Rs 20,482.78 crore.