Akshata Deshmukh, Chief Strategist-Trading at Networth Stock Broking told CNBC-TV18, "In the next six to eight months we could see some better levels in Infrastructure Development Finance Company (IDFC). The stock is now in to transition mode into a bank and it had been building up aggressively statutory liquidity ratio (SLR) requirements. So the last quarter has reflected just that, so we will have to exercise some patience here because the way it has received a massive response for its qualified institutional placement (QIP) and it is preparing very well, for three to four months the stock might languish to where it is.”
“Right now it may be rangebound but once things shape up the stock should do pretty well going ahead. So Rs 180-185 would be one or one and half year target. So I would recommend very strongly that one should hold the stock right now,” she added.
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