Buy IDFC, target Rs 68: Manas Jaiswal
Buy IDFC at a price target of Rs 68 and a stop loss at Rs 63 from entry point.
By ETMarkets.com |
Manas Jaiswal of manasjaiswal.com has a buy call on IDFC with a target price of Rs 68.
The current market price of IDFC is Rs 64.45.
Time period given by the analyst is intraday when IDFC price can reach defined target.
Manas Jaiswal recommended to keep a stop loss at Rs 63.
IDFC, incorporated in the year 1997, is a Mid Cap company (having a market cap of Rs 10,285.93 Crore) operating in Finance sector.
IDFC key Products/Revenue Segments include Dividend which contributed Rs 84.20 Crore to Sales Value (52.88 per cent of Total Sales), Income From Sale Of Share & Securities which contributed Rs 50.84 Crore to Sales Value (31.93 per cent of Total Sales), Income From Financial Services which contributed Rs 10.13 Crore to Sales Value (6.36 per cent of Total Sales), Interest which contributed Rs 7.16 Crore to Sales Value (4.49 per cent of Total Sales) and Power which contributed Rs 6.89 Crore to Sales Value (4.32 per cent of Total Sales)for the year ending 31-Mar-2017.
The company’s top management includes Mr.Chintamani Bhagat, Mr.Donald Peck, Mr.Gautam Kaji, Mr.Manish Kumar, Mr.S S Kohli, Mr.Soumyajit Ghosh, Mr.Sunil Kakar, Mr.Vinod Rai, Ms.Marianne Okland.
Company has Deloitte Haskins & Sells LLP as its auditors.
As on 30-09-2017, the company has a total of 1,595,954,566 shares outstanding.
The current market price of IDFC is Rs 64.45.
Time period given by the analyst is intraday when IDFC price can reach defined target.
Manas Jaiswal recommended to keep a stop loss at Rs 63.
IDFC, incorporated in the year 1997, is a Mid Cap company (having a market cap of Rs 10,285.93 Crore) operating in Finance sector.
IDFC key Products/Revenue Segments include Dividend which contributed Rs 84.20 Crore to Sales Value (52.88 per cent of Total Sales), Income From Sale Of Share & Securities which contributed Rs 50.84 Crore to Sales Value (31.93 per cent of Total Sales), Income From Financial Services which contributed Rs 10.13 Crore to Sales Value (6.36 per cent of Total Sales), Interest which contributed Rs 7.16 Crore to Sales Value (4.49 per cent of Total Sales) and Power which contributed Rs 6.89 Crore to Sales Value (4.32 per cent of Total Sales)for the year ending 31-Mar-2017.
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The company’s top management includes Mr.Chintamani Bhagat, Mr.Donald Peck, Mr.Gautam Kaji, Mr.Manish Kumar, Mr.S S Kohli, Mr.Soumyajit Ghosh, Mr.Sunil Kakar, Mr.Vinod Rai, Ms.Marianne Okland.
Company has Deloitte Haskins & Sells LLP as its auditors.
As on 30-09-2017, the company has a total of 1,595,954,566 shares outstanding.
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