Perfer IDFC, says Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one may prefer IDFC within the financial space.

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, " IDFC had Rs 170-180 levels just a few months earlier, so there is nothing to be missed, the financial services bull market is just starting. At current levels, anyone who is a positional trader with a few months of time horizon and certainly a long-term investor should look at IDFC seriously as one of the components in the portfolio."

At 12:07 hrs IDFC was quoting at Rs 113.90, up Rs 0.35, or 0.31 percent. It has touched an intraday high of Rs 114.90 and an intraday low of Rs 113.30.

The share touched its 52-week high Rs 165.45 and 52-week low Rs 76.25 on 17 May, 2013 and 28 August, 2013, respectively. Currently, it is trading 31.16 percent below its 52-week high and 49.38 percent above its 52-week low. Market capitalisation stands at Rs 17,269.73 crore.

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