Hold IDFC, says Vishal Malkan

Vishal Malkan, CMT at malkansview.com told CNBC-TV18, "I would recommend a hold on IDFC because currently the financial stocks are doing good and banking sector has been in the limelight. Overall the trend of the stock as well as the market is up, so definitely a hold. Can put a stoploss of around Rs 140 and hold on for a target of around Rs 190-195 for the short-term and medium term target would be around Rs 225. One can hold IDFC for at least three-six months.”

IDFC ended at Rs 156.30, up Rs 7.60, or 5.11 percent on the BSE.

The share touched its 52-week high Rs 166.70 and 52-week low Rs 88.10 on 21 July, 2014 and 04 February, 2014, respectively.