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.

Country's Infrastructure Development Finance Company (IDFC) has decided to lift up $150 to $200 million through ECBs by the coming month.

IDFC's Executive Director Vikram Limaye made this announcement.

The company has proposed to lift up $425 million via external commercial borrowings during the fourth quarterly period of existing finacial year ending March.

IDFC has roped in Sunil Kakar as its Group Chief Financial Officer (CFO).

Mr. Kakar brings with him more than 25 years of expertise covering up a range of financial roles and a profession, which started up with Bank of America (BoA).

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