Moneycontrol
Last Updated : Jan 15, 2018 04:20 PM IST | Source: CNBC-TV18

Exit IDFC Bank, says Mitessh Thakkar

Mitessh Thakkar of mitesshthakkar.com is of the view that one may exit IDFC Bank.

CNBC TV18 @moneycontrolcom

Mitessh Thakkar of mitesshthakkar.com told CNBC-TV18, "The upside in both IDFC Bank and IDFC look very capped. I think beyond Rs 70-75 might not happen."

"The other thing is that even if it goes Rs 3 higher from here there is no sign of a long term trend starting. So, being invested in a stock which is not showing signs of a long term trend compared to a stock which would possibly be doing that is not a good idea. So, I would say exit around Rs 70-72 or maybe even at current levels," he added.
First Published on Jan 15, 2018 04:20 pm
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