Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "IDFC charts are far superior to many of the stocks that are running up today. So it could be a buying opportunity. Same applies to Hindalco."
IDFC closed at Rs 162.95, up Rs 5.05, or 3.20 percent. It has touched an intraday high of Rs 164.80 and an intraday low of Rs 157.20.
The share touched its 52-week high Rs 185.35 and 52-week low Rs 119.10 on 07 January, 2013 and 18 May, 2012, respectively. Currently, it is trading 12.09 percent below its 52-week high and 36.82 percent above its 52-week low. Market capitalisation stands at Rs 24,682.49 crore.
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