Hot Chips - IDFC
Ali On Content / 20 Jul 2009
Looking at the company’s diversified business offerings, it is expected to do well in the coming period. Investors can buy the scrip in a staggering manner.
IDFC
BSE Code: 532659
Volume: 5692445
CMP: 142.00
The company seems to be doing a piggyback ride on the growth in the infrastructure sector in India. Thus the phenomenal growth recorded by this sector seems to have helped the company to post a consistent financial performance. Also, the increased allocation in the budget of this year for the infrastructure sector indirectly means positive development for IDFC. And looking at the company’s diversified business offerings, it is expected to do well in the coming period. As per a broker, there are a few new developments that might take place in the company in the coming period and this may attract the attention of investors. Even a fund manager is bullish on the counter and expects it to put up a decent run-up in terms of market price and volumes in the coming period. Meanwhile, a derivative strategist has given a buy call on the counter with the short-term price target of Rs 160. Investors can buy the scrip in a staggering manner.
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