HomeNewsBusinessStocksIDFC may add Rs 10-15: Rishi Kohli

IDFC may add Rs 10-15: Rishi Kohli

Rishi Kohli of ProAlpha Systematic Capital is of the view that IDFC may rise by Rs 10-15.

March 12, 2014 / 14:37 IST
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Rishi Kohli of ProAlpha Systematic Capital told CNBC-TV18, "State Bank of India (SBI) is one which from current levels could move to Rs 1800 very fast, but again it has broken out a trend line and the weekly Moving Average Convergence/Divergence (MCAD) is positive and largely a lot of banks are showing similar pictures. So one interesting strategy also would be to just go into the underperformers and wait for them to play out."

"The other financial related stock which I always liked is IDFC. I have always been bullish on it. It had the initial bounce again that had played out but there is a lot of steam because the entire decline that happened in that over the last year to two years retracement can easily take it up another Rs 10-15," he added.

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first published: Mar 12, 2014 02:37 pm

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