under: IDFC , Ambareesh Baliga, Karvy Stock Broking, IDFC Buy call, Buzzing Stock, stock prices, stock advice, IDFC Recommendation, Recommended price, Target, IDFC Target Price
Ambareesh Baliga of Karvy Stock Broking is of the view that buy Infrastructure Development Finance Company (IDFC) with long term perspective on 10-12% correction.
Baliga told CNBC-TV18, "I think IDFC is one stock, which we have liked for a while. We believe that going ahead possibly in the next 1.5-2 years IDFC can convert itself into a bank that should be a big trigger for that. At the same time looking at the growth which we are seeing in the infrastructure sector especially over the next four-five years then this is one space to be in and in case it corrects in sort of a correction which we are expecting in the market. In case this stock corrects possibly at 10-12% then it’s a decent buy from a long-term angle.”
Ambareesh Baliga of Karvy Stock Broking is of the view that buy Infrastructure Development Finance Company (IDFC) with long term perspective on 10-12% correction.
Baliga told CNBC-TV18, "I think IDFC is one stock, which we have liked for a while. We believe that going ahead possibly in the next 1.5-2 years IDFC can convert itself into a bank that should be a big trigger for that. At the same time looking at the growth which we are seeing in the infrastructure sector especially over the next four-five years then this is one space to be in and in case it corrects in sort of a correction which we are expecting in the market. In case this stock corrects possibly at 10-12% then it’s a decent buy from a long-term angle.”
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