See upside in IDFC, says SP Tulsian

See upside in IDFC, says SP Tulsian, sptulsian.com.

Tulsian told CNBC-TV18, "I see vast re-rating of IDFC happening because may be couple of year’s back it used to  rule at a price of about Rs 180 and since then it has been languishing at about Rs 115-120. If you go by the quarterly  numbers of IDFC for last two-three quarters I don’t think that there has been any complaint. So probably market has  got comfort that the company is in a position to go ahead with good numbers and with a control on the good asset  quality."
He further added, "Apart from that probably the Non-bank financial companies (NBFC) re-rating or positive bias on all  the NBFCs on a comparative basis make this stock quite cheaper because if you take the case of many NBFCs having  performed very well like Mahindra & Mahindra Financials, Bajaj Finance, Bajaj Finserv, all of them have been really  seen appreciating by about 25-30 percent. So this more looks to be a catch up and obviously the infrastructure  financing story continues to remain with the company. So overall that is making the stock to move up and I think that  stock can take a pause at about Rs 195-200 or so."