Buy IDFC for long term, advises Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "IDFC is not yet at a point where volatility is enough to justify intraday trading but if one wants to build a position then IDFC is perfectly poised for that. If one is an investor then consider buying it and holding it, give it two-three years. If one is a short-term trader then at current levels there is more upside here."

At 10:56 hrs IDFC was quoting at Rs 98.50, up Rs 6.25, or 6.78 percent. It has touched an intraday high of Rs 99.10 and an intraday low of Rs 95.65. The share touched its 52-week high Rs 185.35 and 52-week low Rs 76.25 on 07 January, 2013 and 28 August, 2013, respectively. Currently, it is trading 46.86 percent below its 52-week high and 29.18 percent above its 52-week low. Market capitalisation stands at Rs 14,925.98 crore.