Buy IDFC, says Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com feels IDFC is likely to remain as an outperformer.

Sukhani told CNBC-TV18, "IDFC is an outperformer and it is likely to remain so. We have already seen a base building exercise and a breakout from the base. Now we are seeing continuation of those gains. I would be a buyer today."
"Even assuming that the Nifty’s momentum slackens a bit and that would happen, some stocks will go up and the stronger stocks will move up and IDFC is one of them," Sukhani said.
At 09:45 hrs IDFC was quoting at Rs 155.35, up Rs 0.65, or 0.42 percent. It has touched an intraday high of Rs 156 and an intraday low of Rs 154.30.
The share touched its 52-week high Rs 185.35 and 52-week low Rs 115.60 on 07 January, 2013 and 09 May, 2012, respectively. Currently, it is trading 16.27 percent below its 52-week high and 34.26 percent above its 52-week low. Market capitalisation stands at Rs 23,508.57 crore.