Gopi Suvanam of investworks.in told CNBC-TV18, "IDFC is one pick that I would choose. From a valuations perspective, forget about banking sector, even from valuations from current business itself it looks good and it has got solid backing from investors and promoters. Establishing a bank would require further capital. I do not know whether all non-banking financial companies (NBFC) would be able to do that, but I am confident IDFC will be able to do that."
On October 9, IDFC closed at Rs 96.95, up Rs 2.95, or 3.14 percent. 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. Also Read: Eyeing $1 bn from int'l investors for infra projects: IDFCDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
