Hold IDFC, stop loss at Rs 152: Mohindar

Rahul Mohindar of viratechindia.com is of the view that, one can hold IDFC with stop loss of Rs 152 level as the stock has been running up over the last couple of months.

Mohindar told CNBC-TV18, "It's more of corrective price action that we are seeing on IDFC. We might see the stock move to about Rs 150-155 levels and then see some support re-emerging. All and all I do not think it’s a very strong buy even from a medium-term perspective at these levels. The stock has been running up over the last couple of months. I would try and stay out of the stock and if I am in it, keep a stop below Rs 152 level and hold on." The company's trailing 12-month (TTM) EPS was at Rs 10.59 per share. (Sep, 2012). The stock's price-to-earnings (P/E) ratio was 15.35. The latest book value of the company is Rs 80.21 per share. At current value, the price-to-book value of the company was 2.03. The dividend yield of the company was 1.41%.