IDFC may touch Rs 96, says Manoj Murlidharan Vayalar

Manoj Murlidharan Vayalar of IIFL told CNBC-TV18, "We are looking into those stocks where the stock Futures shorting is culminated into cash based buying, so IDFC qualifies to that. It is somewhere close to Rs 90, the stoploss in it is Rs 88 and target of Rs 96 is what we are looking at."

At 13:56 hrs IDFC was quoting at Rs 89.75, up Rs 1.60, or 1.82 percent. It has touched an intraday high of Rs 90.45 and an intraday low of Rs 88.25. 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 51.58 percent below its 52-week high and 17.7 percent above its 52-week low. Market capitalisation stands at Rs 13,607.23 crore.