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.

Country's top integrated infrastructure finance player IDFC declared has roped in Arun Raste as its new Senior Director & Head -Corporate Communications.

Mr. Raste brings with him around 20 years of expertise across various segments.

Before becoming a part of IDFC, Raste was with Kotak where he was active in driving productively the Communication and CSR task for the group.

Moreover, IDFC is offering its third part of secured, cashable, long-run infrastructure bonds with tax advantages under Section 80 CCF of the Income Tax Act, 1961 (`Tranche 3 Bonds`) for a sum not surpassing Rs 21.72 billion on the terms determined in the prospectus dated February 21, 2011 registered with the Companies' Registrar, Tamil Nadu.

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