( Recommended in SAKAL NEWS PAPER. Arthvishwa ) : 7th June 2009
Infrastructure Development Finance Company Ltd ( IDFC ) : Rs 133.55
Notable Observes :
- Infrastructure Development Finance Company Limited ('IDFC') was incorporated in 1997 as a public limited company. IDFC is positioned as a special financial institution, which is focused infrastructure as a financier and as well as advisor.
- IDFC's existing businesses, directly and through its subsidiaries, include Project Finance, Principal Investments, Asset Management (for third party funds), Investment Banking, Institutional Broking and Advisory Services.
- IDFC has also broadened its intial focus on power, roads, ports & telecommunications to a framework of energy, telecommunications & information technology, integrated transportation, urban infrastructure, health care, food & agri-business infrastructure, Education Infrastructure & Tourism.
Financial Highlights:
- The Group has posted a net profit of Rs 749.82 Crore for the year ended March 31, 2009 as compared to Rs 742.14 Crore for the year ended March 31, 2008.
- Total Income has increased from Rs 2806.47 Crore for the year ended March 31, 2008 to Rs 3636.81 Crore for the year ended March 31, 2009.
Technical Overview :
- The stock On Day Chart has given an "Flag Breakout" with huge volumes,indicating the stock to outperform in short & Long term.The stock is recommended to buy cmp Rs 133.55 with long term view.
Support Levels :
- Support 1 : 127
- Support 2 : 118
Stoploss : 107 on closing basis. 
Targets :
- Target 1 : 158
- Target 2 : 186
- Target 3 : 192
- Target 4 : 208
Period : 2 to 3 months.