Buy IDFC, says Abhijit Paul

Abhijit Paul of alphative.com told CNBC-TV18, "I like IDFC quite a bit. This stock has not done that well over a last timeframe of six months to a year, but over last fortnight or little more than that the stock has managed to move into an uptrend fairly well. I see pretty decent movement alongside the volumes and price."

"I sense that IDFC can be a decent buy at this juncture. One can expect an upside short-term in the range of Rs 112. The best case scenario of that move on the upside can lead to a test of Rs 120. On the downside one should use a stoploss close to Rs 98 mark," he said. Disclosure:  He does not hold the stock that he has mentioned in the show, but  recommended the stock to our clients.