IDFC can touch Rs 210-220: Mohindar

Rahul Mohindar, viratechindia.com is of the view that IDFC can touch Rs 210-220 in the next two-three months.

Mohindar told CNBC-TV18, “The best thing about IDFC is over the last two years approximately Rs 165 is a very big resistance on the stock. We have never really gotten through that and what you are seeing now is a breakout price wise. Again I am not particularly happy with the kind of volume its exhibiting but that could come in a bit later. It is certainly a positive if you are looking at this from at least a six months horizon it is a stock you definitely want to keep in the portfolio. From current levels you should keep a stop loss at about Rs 162 and hold on, you might even see Rs 210-220 coming in the next two-three months.”