Pick IDFC, says Phani Sekhar

Phani Sekhar of Angel Broking told CNBC-TV18, "IDFC is one of the better picks in the infrastructure space. Jaiprakash Associates has been rallying by 20 percent, Adani Enterprises going up by 20 percent in a week, so I would have been surprised if IDFC would not have been rallying. So in that entire space relatively I think IDFC is still a better pick, even at these valuations it makes sense. So for longer term investors one can get into IDFC at this point of time.”

On March 10, 2014 IDFC ended at Rs 112.10, up Rs 7.20, or 6.86 percent.

The share touched its 52-week high Rs 165.45 and 52-week low Rs 76.25 on 17 May, 2013 and 28 August, 2013, respectively.