Hold IDFC, says Gaurang Shah

Gaurang Shah of Geojit BNP Paribas Financial Services told CNBC-TV18, "I would definitely recommend IDFC and the number are also likely to be much more better in terms of the future earnings that the company will deliver.”

“They are talking about hiving off hence listing the banking as a separate entity, so my understanding is that from current levels the down side look extremely protected and outlook is very positive, hold on to it. We are working with a target of Rs 185, depending upon the banking operations roll out and how successful it is and what kind of contributions does it do in QoQ, YoY we might revise it upwards," he said

Disclosure: Analyst doesn’t hold the above stock but recommended to his clients.