Buy IDFC, advises Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "IDFC is seeing decent moves; it is also seeing a strong upmove in the short-term horizon, there is a buying opportunity in IDFC. Most of the opportunities should be on the buy side. I would avoid short selling."

At 11:02 hrs IDFC was quoting at Rs 109.80, up Rs 0.15, or 0.14 percent. It has touched an intraday high of Rs 111.40 and an intraday low of Rs 109.35.

The share touched its 52-week high Rs 185.35 and 52-week low Rs 76.25 on 07 January, 2013 and 28 August, 2013, respectively. Currently, it is trading 40.76 percent below its 52-week high and 44 percent above its 52-week low. Market capitalisation stands at Rs 16,648.08 crore.