Kunal Saraogi of Equityrush told CNBC-TV18, "The reason I suggest a buy on IDFC is because it has broken out a fresh today and if it manages to hold on to its gains today, the stock can get to Rs 185-190 levels. One should definitely initiate longs towards the end of the day with a stoploss at Rs 174."
At 13:45 hrs IDFC was quoting at Rs 176.85, up Rs 4.65, or 2.70 percent. It has touched a 52-week high of Rs 179.20 on the BSE.
Disclosure: Analyst doesn't have position in the above stock.
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