IDFC can go upto Rs 164, Buy Bajaj Auto: Parikh

Rikesh Parikh, Motilal Oswal Financial Services is of the view that IDFC can go upto Rs 164. One can buy Bajaj Auto, the stock is giving a positive momentum.

Parikh told CNBC-TV18, “IDFC after correcting from Rs 165 it went all the way up to Rs 150. Now it has started moving up after building a good base around Rs 150. So it is trading around Rs 155. Keeping a stop loss of Rs 152 one can go long at target of Rs 164. He further added, “In case of Bharti Airtel around Rs 260 is a good support on very sideways consolidation zone. If it trades below that level then probably we can see it going back again to Rs 240 levels. Whereas in case of Bajaj Auto we have seen that the stock is correcting quite a bit and it is giving a positive momentum. Right now some positive buildups we have seen in Bajaj Auto, one can buy it."