Have a price target of 180 on IDFC: Sandeep Wagle

Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, aptartindia.com in a chat with ET Now talks about Reliance Capital, IDFC, IFCI and Indiabulls Financial Services.

The other pack which has done fairly well in today’s session at least on Friday as well is the likes of Reliance Capital or an IDFC, IFCI for that matter, even an Indiabulls Financial Services which a lot of people believe would be one of the biggest beneficiaries as a result of this NBFC licensing. On the charts, all of these stocks have shown a bit of a momentum today as well which is it that you like the best?

From all the stocks that you mentioned, I would pick up IDFC and Reliance Capital. IDFC, I have a price target of somewhere around 180. Once it breaks it, possibly 192 is possible. Reliance Capital is currently at 796, I have a price target of somewhere around 875-880.