IDFC

IDFC gains banking licence; shares jump

IDFCStock in IDFC gained as much as 8.6 per cent in morning session trade on Thursday after the Mumbai-based company became one of the two entities to get a banking licence from the Reserve Bank of India (RBI).

The central bank granted a banking licence to IDFC for an initial period of 18 months, during which the company will have to meet all requirements laid down by the apex bank.

Kolkata-based microfinance company Bandhan Financial is another of the two entities to win a licence to create a network of bank branches across the country.

Nifty Above 6000; Indian Market Follows Global Cues

Nifty Above 6000; Indian Market Follows Global CuesIndian Stock Market followed global stock market trend and continued the upside movement. BSE Sensex was up by 50 points at 19763 and NSE Nifty was above 6000 with a gain of 15 points. US markets closed positive on January 2 with Dow Jones gaining 2.3%, Nasdaq up by 3% and S&P higher by 2.4 per cent.

Among major gainers in today's early trading session were Dr Reddys Labs, Cairn India, Ambuja Cements, BPCL, IDFC, Tata Steel, ACC and Bharti Airtel. Among major losers in today's session were Tata Power, Lupin, PNB and Maruti Suzuki.

Big Day for Indian Stocks; Nifty Touches 52-week high of 6006

Big Day for Indian Stocks; Nifty Touches 52-week high of 6006Indian Stock Markets witnessed decent gains on Wednesday as the market rally continued from previous day. NSE Nifty scaled 6000 points level after long time and touched 52-week high of 6006 in intraday trade. At closing bell, NSE Nifty was up by 42 points at 5994 and BSE Sensex was inching towards 20k mark with gain of 125 points.

Indian markets entered year 2013 on positive note as investor sentiment was strong after US fiscal cliff was averted and stock markets across the globe jumped.

IDFC invests Rs 100 crore in Manipal’s hostel services business

IDFC invests Rs 100 crore in Manipal’s hostel services businessIDFC Alternatives, the wholly-owned subsidiary of finance company IDFC, has announced its decision to invest Rs 100 crore in education services & healthcare venture Manipal Servicecorp Facility Management (MSFM).

In return for the investment, IDFC Alternatives will get a minority stake in addition to two board seats. The investor will provide another debt financing of Rs 650-crore to get the project moving.

Country Needs To Lift Up Infrastructure Spending To 10% Of GDP

Country Needs To Lift Up Infrastructure Spending To 10% Of GDPThe country requites to lift up infrastructure spending to about 10% of gross domestic product to attain and maintain economic development objective of 9% in the coming years.

In a presentation at the annual meeting of Asian Development Bank, IDFC Projects Ltd Managing Director Pradeep Singh stated, "In order to sustain growth targets, this (investment in infrastructure) would need to increase further to over 10 per cent of GDP by 2017."

IDFC plans to raise 5 billion rupees through bonds, reports

IDFC plans to raise 5 billion rupees through bonds, reportsInfrastructure Development Finance Company (IDFC) is planning to raise about Rs 5,000 crore in the current financial year through retail bonds.

In the first tranche of the tax-saving long-term infrastructure bonds with twin tenure, the company will offer 9 per cent interest. The company is placing bonds with one-year one-day and one-year four-day tenures, according to some reports.

Short Term Buy Call For IDFC

Short Term Buy Call For IDFCTechnical analyst Rajesh Satpute has maintained 'buy' rating on Infrastructure Development Finance Company (IDFC) stock with a short term target of Rs 158.

According to analyst, the investors can buy the stock with stop loss of Rs 136.

The stock of the company, on May 02, closed at Rs 140.05 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 8.77 and 15.78 respectively.

Intraday Buy Call For IDFC

Intraday Buy Call For IDFCTechnical analyst Ashutosh Sarna has maintained 'buy' rating on Infrastructure Development Finance Company Limited (IDFC) stock with a target of Rs 155.

Mr. Sarna said that the investors can buy the stock with a stop loss of Rs 143.

The shares of the company, on March 23, closed at Rs 148.35 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 17.83 respectively.

Buy IDFC With Target Of Rs 149.20

Buy IDFC With Target Of Rs 149.20Technical analyst Ashutosh Sarna has maintained 'buy' rating on Infrastructure Development Finance Company Limited (IDFC) stock to achieve a target of Rs 149.20.

According to analyst, the investors can buy the stock between Rs 142-144 with a stop loss of Rs 140.50.

Today, the stock of the company opened at Rs 145.75 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 17.36 respectively.

Short Term Buy Call For IDFC

Short Term Buy Call For IDFCTechnical analyst Ashutosh Sarna has maintained 'buy' rating on Infrastructure Development Finance Company Limited (IDFC) stock with a short term target of Rs 165.

According to analyst, the investors can buy the stock with a stop loss of Rs 135.

The stock of the company, on March 04, closed at Rs 148 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 8.37 and 17.28 respectively.

The share price has seen a 52-week high of Rs 218.20 and a low of Rs 124.70 on BSE.

IDFC has decided to lift around Rs 2,172 crore via long-term infrastructure bonds.

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.

IDFC to launch its tax-saving infrastructure bond again

idfcInfrastructure Development Finance Company has announced to relaunch its tax-saving bond with improved interest rate. This bond offer will open on February 28, 2011 for the subscription. This time IDFC will provide 8.25% interest rate with a call option after five years. The Power Finance Corporation is also having such kind of bond which is providing 8.30% interest rate with 10 years maturity.

Buy IDFC With Stop Loss Of Rs 135

Buy IDFC With Stop Loss Of Rs 135Technical analyst Ashutosh Sarna has maintained 'buy' rating on Infrastructure Development Finance Company Limited (IDFC) stock with targets of Rs 146 and 149..

According to analyst, the stock can be purchased between Rs 137-140 with a stop loss of Rs 135.

The stock of the company, on February 18, closed at Rs 143.50 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 17.09 respectively.

Buy IDFC With Stop Loss Of Rs 139

Buy IDFC With Stop Loss Of Rs 139Technical analyst Rakesh Bansal of New Age Wealth has maintained 'buy' rating on Infrastructure Development Finance Company Limited (IDFC) stock with a target of Rs 154

According to analyst, the investors can purchase the stock with a stop loss of Rs 139.

The stock of the bank, on February 01, closed at Rs 142.95 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 218.20 and a low of Rs 142 on BSE.

Current EPS & P/E ratio stood at 8.37 and 17.25 respectively.

Buy IDFC With Stop Loss Of Rs 190

Buy IDFC With Stop Loss Of Rs 190Stock market analyst Pradeep Surekha has maintained 'buy' rating on Infrastructure Development Finance Company Limited (IDFC) stock with a target of Rs 205.

According to analyst, the stock can be purchased with a stop loss of Rs 190.

The stock of the company, on Nov 15, closed at Rs 195.50 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 218.20 and a low of Rs 142 on BSE.

Current EPS & P/E ratio stood at 8.02 and 24.42 respectively.

Infra bonds not Indian bankers' forte

Infra bonds not Indian bankers' forteThe Infrastructure Development Finance Corporation (IDFC) has recently said that the Indian banking companies should be prohibited to raise money through tax-saving infrastructure bonds.

It is to be mentioned here that the recently objected option is a facility for which banks have been lobbying for. IDFC managing director & CEO Rajiv B Lall made this comment at the launch of the company’s infrastructure bond issue.

Buy IDFC With Stop Loss Of Rs 190

Buy IDFC With Stop Loss Of Rs 190Stock market analyst Sudhanshu Pandey has maintained 'buy' rating on Infrastructure Development Finance Company Ltd (IDFC) stock to achieve a target of Rs 210.

According to analyst, the interested investors can buy the stock with a strict stop loss of Rs 190.

The stock of the company, on Sep 22, closed at Rs 194.95 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 201.05 and a low of Rs 141.10 on BSE.

Current EPS & P/E ratio stood at 8.64 and 22.74 respectively. 0

IDFC raises Rs 840 Cr from Khazanah and Actis

IDFC raises Rs 840 Cr from Khazanah and Actis The Infrastructure Development Finance Company (IDFC) declared on Thursday that it will accumulate Rs. 840 crore by issuing shares to Actis and Khazanah, which are a private equity and a Malaysian sovereign wealth fund respectively. The board had allowed Rs 3,500 crore being raised previous month, as a long term fund for financing its development plans. Rs 2,654 crore has already been raised.

The approval of the shareholders was achieved by IDFC via a postal ballot to obtain Rs 840 crore worth funds through convertible preference shares (CCPS).

IDFC MF declares a dividend of 20%

IDFC MF declares a dividend of 20%On Wednesday, IDFC Mutual Fund declared a dividend of 20 per cent for its IDFC Indian GDP Growth Fund. This means that for every share of IDFC with a face value of Rs. 10, the company will pay a dividend of Rs. 0.20.

The record date for paying dividends is May 31, 2010. The company said that the Indian economy has bounced back from the slowdown in a major manner and that means that the economy is going back on the fast-track.

IDFC Q3 Net Surges 46% To Rs 269 Crore

IDFC Q3 Net Surges 46% To Rs 269 CroreFor the three month period ended December 2009, Infrastructure Development Finance Company (IDFC) registered a 46% growth in its consolidated net profit, which stood at Rs 269.90 crore as against Rs 184.62 crore during the same period of the last financial year.

The company total income during the said quarter surged to Rs 997.80 crore as compared to Rs 865.20 crore during the corresponding period of 2008.

On the standalone basis, the company registered a growth of 39.53% in its net profit at Rs 240 crore for the October-December quarter.



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