Hold : IDFC

IDFC (Cmp:Rs109.70.) has announced the fabulous results for the Q1 of June'08. IDFC's standalone net profit shootup at Rs 204 crore for the quarter ended June 2008 as against Rs 167 crore in same period of last year. and IDFC's consolidated net profit went up by 19.74% at Rs 216.7 crore from Rs 180.98 crore while estimated at Rs 193.28 crore. Total income from operations has also up by 42.5% at Rs 868.91 crore from Rs 609.7 crore. Though the Infrastructre and its related stocks are not performing since 4 months, but the growth momentum of the Infrastrucre sector will continue once the political uncertainity has been gone in our country. Hence it is better for IDFC to buy and hold at current levels.(Thebullishtrends)