Wait and watch for IDFC: Rajat Bose

In a chat with ET Now, Rajat Bose, rajatkbose.com shares his views on IDFC stock.

What is the call on IDFC?

The problem here is that if you talk about value maybe at Rs 96, there is value in IDFC but whether it would go further down, yes, it can go further down. It can go down to something like 91 to about 89.

So, if I have to answer it in this fashion that whether one should buy right away, I would not say that. I would say that just see if 95 holds or not. If it does not hold, then wait for 91 to 89. But whether I perceive some value at Rs 96 or not, yes, there is value but still I would not buy, I would wait for some more time.