Pankaj Jain of SW Capital told CNBC-TV18, "If I have to hold one, I would stay with IDFC Bank rather than IDFC Ltd. It is more of a holding company now and the book value is around Rs 60-61. Generally we have seen that holding companies with this kind of sectors they tend to underperform and having stayed at Rs 63-64, IDFC has been drifting down and I believe ultimately stock could settle down somewhere around Rs 50. So I don’t have a positive view on IDFC Ltd as such and I would recommend a sell on any particular good day wherever that positive momentum is in the stock because of any reason. So IDFC is a sell on rise kind of thing."
He further added, "IDFC Bank will also take some time to stabilise and if I have to put in my fresh money, maybe I would wait for a while and I have better revenues in the sense something like a Kotak Mahindra Bank or IndusInd Bank - they seem to be the frontrunners with the kind of quality, the kind of results they have delivered and with the kind of optimism we have from the management. So all in all not a very positive view on both the stocks and definitely not a positive view on IDFC."
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