Short IDFC with target of Rs 122: Prakash Diwan

Short IDFC with target of Rs 122, says Prakash Diwan of Asit C Mehta Investment Intermediates.

Diwan told CNBC-TV18, "IDFC has been fairly strong in the last few days, resilient enough for some time but I guess is looking at showing a little bit of weakness could crack down further. IDFC is the story that we all of us admire and look forward to but it has had share of issues in terms of projects getting actually on the roll in terms of execution and any delay in that is only going to add to the cost of funds, the spreads contracting very significantly. So, IDFC is short with a target of Rs 122 and a stop of Rs 134." Click HERE to know the rules and follow the score card