Buy IDFC on declines - Recommends Investorzclub

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IDFC, the Infrastructure development finance company, is India's largest exclusive Infrastructure finance company. It is directly proportional to India's growth story and hence can be included in your long term portfolio.

Recent RBI action is expected to put some pressure on margins and credit offtake for the company, and the stock price is expected to fall 5-10% from current levels, but considering it's unique business model and catering to the infrastructure sector, it's a classic top down bet for long term.

Investorzclub recommends accumulate rating on IDFC at every decline. At Rs 134 the stock is available at less than 11 times FY-12 earnings and 1.8 times fY-12 PBV.

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