IDFC Ltd

IDFC board declares special interim dividend of Rs 11 per share; Govt of India, the firm's largest shareholder, to receive Rs 287 cr payout

Technically, whenever any stock remains unaffected during times of volatility, the trend indicates something positive underneath. Such stocks are preferred by market participants for trading gains.

CLOSING BELL: Reliance Industries (RIL; up 3.5 per cent) was the top gainer on the 30-pack index. he draggers on the index were HDFC (down 6 per cent), HDFC Bank (down 4.2 per cent)

The stock of Zee Entertainment needs to firmly overcome the hurdle of Rs 298.60 levels to see fresh upside

IDFC and IDFC Financial Holdings will sell their entire shareholding in IDFC AMC and IDFC AMC Trustee to a consortium led by Bandhan Financial Holding Limited for Rs 4,500 crore

The derivative analyst from HDFC Securities recommends buying IDFC March 65 CALL and simultaneously selling 70 CALL.

The fund has outperformed the benchmark (S&P BSE 500 TRI) and its peers (funds ranked under the ELSS category in December 2021 CMFR) in the past 1-, 2-,3-,5-, 7- and 10-year trailing periods

According to Nandish Shah of HDFC Securities, primary trend is bullish as the stock price is trading above all important short and medium term moving averages.

Chairman Vinod Rai said the company had a very complex corporate structure

IDFC stands to benefit as a reverse merger could help unlock shareholder value, removing the holding company discount, ICICI Securities said in a note

It was clear even when the business blueprint of IDFC Ltd was being drawn up that a model based on a DFI which floated bonds (retail or wholesale) may not work

Shares of IDFC rose as much as 6% to Rs 41.20 apiece on the BSE in intra-day trade.

Total income in 2016-17 stood at Rs 10,467.72 crore