Buy IDFC around Rs 78-80, says Baliga

Ambareesh Baliga of Edelweiss Financial Services told CNBC-TV18, "I will prefer buying IDFC in financial space, but I will wait for Rs 78-80 levels to come again and at those levels one could look at buying IDFC."

At 10:53 hrs IDFC was quoting at Rs 92.35, up Rs 1.55, or 1.71 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.
The company's trailing 12-month (TTM) EPS was at Rs 10.59 per share. (Jun, 2013). The stock's price-to-earnings (P/E) ratio was 8.73. The latest book value of the company is Rs 88.77 per share. At current value, the price-to-book value of the company was 1.04. The dividend yield of the company was 2.81 percent.