Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "IDFC is now breaking down after a small rally. It is a pity because it was one of my favourite stocks."
He further added, "It is now going towards Rs 100 and maybe sub Rs 100. It has a very bearish chart, not just IDFC but a lot of the financials. IDFC is an avoid or it is a short sell." The share touched its 52-week high Rs 185.35 and 52-week low Rs 120.70 on 07 January, 2013 and 04 July, 2013, respectively. Currently, it is trading 30.37 percent below its 52-week high and 6.92 percent above its 52-week low. Market capitalisation stands at Rs 19,550.96 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!
