IDFC may test Rs 57, IFCI Rs 31: Krish Subramanyam

Krish Subramanyam of Altamount Capital told CNBC-TV18, "The IDFC twins are in the action today and IDFC has seen some pretty decent consolidation at Rs 50-52 band. So, in terms of a risk reward it appears to be a very good bet. We are expecting a possible target of Rs 57 and one could place a stop loss of Rs 51." "IDFC Bank has seen some pretty huge volume, this is already trading up but one could expect levels of Rs 56 and could place a stop loss of Rs 48," he said."IFCI has been making a come back, the stock is comfortably trading above 200 DMA and has also seen some decent consolidation within Rs 25-27 band. This could probably go up to levels of Rs 31. One could keep a stop loss of Rs 26.80.""Lakshmi Energy and Foods has seen some very decent consolidation. This is a stock which has not participated in the rally and could possibly be heading for levels of Rs 28 but we also recommend a stop loss of Rs 21."