IFCI -- Hold or Sell???

[ramtrade]

Pls do go hru the interview by its Chairman P S Shenoy. The company is undergoing painful restructuring. Sooner or later the govt will be forced to find an alternative/bail out for this company. I am alteast positive on the stock for sometime now.

http://markets.moneycontrol.com/india/newsarticle/stocksnews.php?autono=200373

 

[pavan12]

so the news is definetly not good for the company and for me..

 

[ramtrade]

so the news is definetly not good for the company and for me..

Hi Pavan,

There is another max of 6.7% pain left in this stock. It remains to be seen that after how does the stock behaves after this whether it takes some more pain or becomes happy.

Saint/Amit pls confirm.

Thanks
Ramesh

 

[sudoku1]

HOLD WITH a closing stop of 16/- FOR 2MORROW.