Technical analyst Jatinder Sharma maintained 'buy' rating on Infrastructure Development Finance Company Limited (IDFC) stock with a target of Rs 158.
According to analyst, the stock can be purchased with a stop loss of Rs 144.
The stock of the company, on February 28, closed at Rs 115.65 on the Bombay Stock Exchange (BSE).
The share price has seen a 52-week high of Rs 218.20 and a low of Rs 124.70 on BSE.
Current EPS & P/E ratio stood at 8.37 and 17.78 respectively.
IDFC has decided to lift up around Rs 2,172 crore via long-standing infrastructure bonds.
The 10-year bonds hold a par value of Rs 5,000 each.
To be issued in two sections, the bonds, during the first series, hold an annual coupon (interest rate) of 8.25%.
Moreover, the company has declared to re-launch its tax-saving bond with bettered rate of interest.
The offer started on February 28, 2011 for the subscription.
This time, the company will offer up 8.25% interest rate with a call option after a period of 5 years.
- Toshiba, United Technologies ink agreement for global growth in HVAC solutions
- Google offers artificial personal assistant for users ready to give up personal info
- Apple launches iPhone 6, iPhone 6 Plus in India
- Google profits plunges 5 percent YOY, in Q3
- HCL Technologies Q1 Net up 32.3% at Rs 1,873 crore