Buy IDFC on decline, says Chandan Taparia

Chandan Taparia of Anand Rathi Securities told CNBC-TV18, "Recently, IDFC has made the bottom process and made a attractive price pattern. We have seen fresh build up of long positions followed by short-covering and the stock is moving upwards with rising trading volumes.""IDFC is slightly down and that is the buying opportunity. So, we are recommending to buy on decline. Keep the stop loss of Rs 132 and expect an upside target towards Rs 140-150 in the next couple of trading sessions," he said.