IDFC may touch Rs 180: Sahil Kapoor

Sahil Kapoor at Edelweiss Financial Services told CNBC-TV18, "IDFC has been underperforming the index from quite sometime but now in our studies it has began to outperform from where we see it. Secondly it has broken out of a declining trend line which was holding the stock down from quite sometime. So, from current volume and open interest structure, it is clear that IDFC may move towards Rs 180 in a short while."

"With a stoploss below Rs 148 which is a recent swing low, you could expect it to move big and move towards Rs 180," he added.