IDFC We downgrade IDFC to ‘Accumulate’ as current valuations at 1.5‐1.6x seems reasonable for ~14‐15% current ROEs and ~16% normalized ROEs. We expect ROAs of ~2.9‐3.0% - Roes - Document - PDFSEARCH.IO

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	IDFC We downgrade IDFC to ‘Accumulate’ as current valuations at 1.5‐1.6x seems reasonable for ~14‐15% current ROEs and ~16% normalized ROEs. We expect ROAs of ~2.9‐3.0% Add to Reading List Document Date: 2012-11-01 05:25:29 Open Document File Size: 203,95 KB Share Result on Facebook Company PL Research Prabhudas Lilladher Pvt. Ltd. / Price Target Price Implied Upside Sensex Nifty Trading / 3M / Equities Capital / AMC Expect / / Currency Rs / / / Facility Equity Terminal / / / SocialTag BSE SENSEX Economics Financial ratios Leverage P/E ratio

IDFC We downgrade IDFC to ‘Accumulate’ as current valuations at 1.5‐1.6x seems reasonable for ~14‐15% current ROEs and ~16% normalized ROEs. We expect ROAs of ~2.9‐3.0% Add to Reading List