Buy IDFC around Rs 100, says Rajen Shah

Buy IDFC around Rs 100, says Rajen Shah, Angel Broking.

Shah told CNBC-TV18, “Many infra companies have come down to very decent levels. But I would certainly not allocate significant part of my portfolio to these companies. Yes HCC we like it at this level but it’s a very long term play.”
He further added, “I would allocate may be about 5-7% of my portfolio into these kind of companies. I am not saying 5-7% to HCC but I had recommended HCC, Reliance also. Small part of my portfolio will go into this kind of dark horses which could turn out to be potential multi-baggers over 3-4 years. There are plenty of such ideas. IDFC could be looked at little lower levels. IDFC has come down to about Rs 113-114. Probably if it goes below 100 it could certainly be looked at. But the opportunity is huge and one is to tab this opportunity.”