There is a lot of enthusiasm in the market for IDFC: Ajay Bodke, Prabhudas Lilladher

In a chat with ET NOW, Ajay Bodke, Head-Investment Strategist & Advisory, Prabhudas Lilladher, gives his outlook on IDFC. Excerpts:



ET Now: Do you think the current price appreciation in IDFC is on the back of the belief that it will get a new bank licence?

Ajay Bodke: As far as bank licences are concerned, IDFC stands as a forerunner along with L&T Finance, according market expectations. Some also expect the Bajaj Group to be a frontrunner.

Moreover, the investment cycle looks to be on the mend, since a new government is expected to spell out policies for a revival in the core sector, which happens to be the main business for IDFC. This has been spurring a lot of enthusiasm among market participants insofar as IDFC as a stock is concerned.