IDFC a strong stock, says Dimensions Consulting

Ajay Srivastava, CEO of Dimensions Consulting feels IDFC is a strong stock because it has been flexible in doing projects in India.

Srivastava told CNBC-TV18, “IDFC is a strong stock and the flexibility they have shown in handling the project and the latest one is the E-way in Gurgaon, which should be very lucrative. They took over for a consideration of Rs 1,800 crore of debt and 74 percent stake shows the nature of the management, the nature of flexibility and their striking good deals. It has gone up. It used to range between Rs 120-130, has gone up to Rs 170, so we have to be cautious. But it is a good stock because it has been flexible in doing projects in India, unlike normal pure banks.”