Buy IDFC With Stop Loss Of Rs 144

Buy IDFC With Stop Loss Of Rs 144Technical 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.

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