Rajat Bose of rajatkbose.com told CNBC-TV18, "Technically IDFC is looking weak. It has actually broken all support levels. About a year or so back even I was quite positive on IDFC, but now technically for me to say that this is going to bounce back, it is very difficult. At around Rs 41 is a support area and if that level is reached, probably there will be a bounce back."
At 15:25 hrs IDFC was quoting at Rs 48.75, down Rs 0.10, or 0.20 percent on the BSE.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
