IDFC may move to Rs 200: Kunal Bothra

Kunal Bothra of LKP Securities told CNBC-TV18, "This is more of a slightly shorter term call probably for the next two to three weeks. IDFC is forming a bullish flag formation in the weekly charts and looking at the kind of momentum this stock been over the last few weeks there seems to be good amount of chance that the stock may try to actually hit Rs 200 mark which is a good psychological break for IDFC.”

“Momentum side favour indicators are also in favour for IDFC. So, we are recommending this stock as a buy to our clients as well keeping a target of Rs 200 and stoploss just around Rs 170-172 mark,” he added.

Disclosure: Analyst has no personal holdings in the above stock. It is possible he may have mentioned the same to his clients at LKP.