Investors are suggested to buy IDFC for intraday trading to make good returns.

IDFC is another HDFC in the making. This company is going to become mother of all infrastructure financial institutions. So, buy it and enjoy the benefits.

Don’t miss the opportunity. Yesterday, the stock closed at Rs 209 after gaining 5.7%. Investors can purchase this stock around Rs 207 to achieve an intraday target between Rs 216-222. The stop loss is at Rs 205.

Leading credit rating agency, ICRA, on Nov 16, assigned A1+ rating, showing highest credit quality to the Rs 30 billion short-term debt (STD) programme including commercial paper of Infrastructure Development Finance Company (IDFC).

The long-term bonds of IDFC maintain to carry a `LAAA` rating, indicating highest credit quality, from ICRA.

The ratings factor in the strength of IDFC`s promoter institutions, besides the company`s strong capitalisation that is further bolstered by the capital infusion in July 2007, comfortable liquidity position, sound asset quality, increasing focus on fee income generating avenues and strong focus on risk management systems.

While the rating also takes into account the risks inherent in the infrastructure lending business, the cautious approach of the IDFC management provides comfort.