Sell IDFC, says Gautam Chhaochharia

Gautam Chhaochharia, Head of India Research at UBS Securities told CNBC-TV18, "We are not overweight on industrials at this stage. So this is more a tactical thing on individual stocks for investors wanting to play this from a near term perspective. This is still too early to bet big on big investment cycle recovery. I think that is six-nine months away before we start pushing for it more aggressively.

"So at this stage it is more tactical, more individual names, so IDFC is a sell for us," he said.

At 11:04 hrs IDFC was quoting at Rs 107.80, down Rs 0.05, or 0.05 percent.

The company's trailing 12-month (TTM) EPS was at Rs 10.59 per share. (Sep, 2013). The stock's price-to-earnings (P/E) ratio was 10.17. The latest book value of the company is Rs 88.77 per share. At current value, the price-to-book value of the company was 1.21. The dividend yield of the company was 2.41 percent.