Buy IDFC, target Rs 180-200: Nooresh Merani

Nooresh Merani of Analyse India told CNBC-TV18, "IDFC has been an underperformer in the short-term as well as in the long-term. It has multiple resistance around Rs 160-165 which was tested three to four times over the last few weeks. At around Rs 155 there is a good risk reward entry point and we expect it to break Rs 165 in the near future."

"One can buy the stock at current level with a target price of Rs 180-200 in the medium-term," he added.

Disclosure: Analyst would have investment positions in the stock.