IDFC is more attractive

Thebullishtrends : IDFC share price closed today at Rs.150.60 in BSE. The primary objective of IDFC (Infrastructure Development Finance Company) is it involves in corporate debt market to provide long term funds to infrastructure projects. Even there is a competition from commercial and private sector banks it enjoys the best return of investment (ROI) and low leverage proportion of bad debts and operating costs. IDFC is generating 55pecent of income from infrastructure loans.IDFC posted Rs.688.82 crore net sales and Rs.198.67 crore net profit for the third quareter end, it reported more than 70% in net profit. The boom for Infrastructure Industry will continue, favourable interest rates and helped by additional capital raising in this quarter will be great advantage to IDFC, hence it will be more gained in coming days. IDFC is expected to repot a full diluted EPS 5.40 for 2007-08. IDFC is planning to buy100% of Standard Chartered AMC. The present price Rs.150.60 is more attractive at current levels.