Exit IDFC on rally, HDFC may outperform: Rakesh Bansal

Rakesh Bansal, VP at RK Global told CNBC-TV18, "The structure in IDFC is clearly negative. Prior to the demerger also if you see, IDFC was clearly in a downward trend, but only after the announcement of a demerger, we have seen a rally in the stock. After a demerger, IDFC is in a clear downtrend. Although on the downside, Rs 37-38 is a strong support, pull-back rally is not ruled out. But, pull-back rally beyond Rs 60 looks very difficult.""I feel, one should use rallies to exit IDFC. It would be a better option if one switches from IDFC to HDFC. I feel HDFC has got a tremendous potential and is likely to outperform IDFC," he added.