Prakash Diwan of Altamount Capital Management told CNBC-TV18, "IDFC has never gone out and given out money to projects that don't have any great quality in terms of payback or rupee. So essential part is that one needs to look at is the quality of portfolio."
"IDFC is far superior to some of the banks and NBFCs. Once that consolidates and stabilises it is available closer to its 52 week lows so I would not mind nibbling into it at these levels because my fair target of IDFC given the bank licence possibility is Rs 125 in the next 12-16 months. If one has a long period then it could be still a buy at current levels," he said.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. The stock's price-to-earnings (P/E) ratio was 7.54. The latest book value of the company is Rs 88.81 per share. At current value, the price-to-book value of the company was 0.9. The dividend yield of the company was 3.26 percent.
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