Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Everything has done well today but we have to be a little careful. A lot of things are going up today including laid back stocks which were forgotten earlier."
He further added, "We should stay on the blue-chips. I would be much more upbeat on infrastructure stocks like IDFC. I wouldn’t go for any other stock in this group. These 5-6 percent gains are very easy to come by but not sustainable. This is just a warning that viewers should understand."
IDFC closed at Rs 157.90, up Rs 6.90, or 4.57 percent. It has touched an intraday high of Rs 158.45 and an intraday low of Rs 151.40.
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 14.81 percent below its 52-week high and 32.58 percent above its 52-week low. Market capitalisation stands at Rs 23,917.55 crore.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
