Buy IDFC with a target of 160: Hemant K Mamtani

Mr. Hemant K Mamtani, Executive Director, Head Equity Research, Wellindia, talks to ET Now on various stocks.

What is it that would be there on your buy list?

IDFC has a target of 160 with a temporary pause at 145, so this is one of the stocks, which has broken up recently from six months declining channel and just in last eight days, it has stayed above the long-term averages 200-day exponential and 240-day weighted moving average. It has a lot to catch up and 145 will be just a breather. If somebody wants to keep a stop loss, it would be 123.