IDFC trades with traction on the bourses

IDFC is currently trading at Rs. 129.25, up by 3.00 points or 2.38% from its previous closing of Rs. 126.25 on the BSE. The scrip opened at Rs. 127.05 and has touched a high and low of Rs. 129.50 and Rs. 126.90 respectively. So far 252553 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 152.95 on 31-May-2013 and a 52 week low of Rs. 76.25 on 28-Aug-2013. Last one week high and low of the scrip stood at Rs. 147.15 and Rs. 125.20 respectively. The current market cap of the company is Rs. 19423.63 crore. The Institutions and Non-Institutions held 82.02% and 17.98% stake in the company, respectively. IDFC, non-banking finance company, is reportedly planning to sell loans of Rs 5,000 crore given to power and road projects. This move aimed at pre-empting regulatory requirements as it readies to turn into a full-fledged bank. The company is also planning to trim its exposure to infrastructure over the next 18 months to help reduce its priority sector loan liability. IDFC is the country’s leading integrated infrastructure finance player providing end to end infrastructure financing and project implementation services.