IFCI has almost doubled from its 2006 lows

IFCI has doubled from its 2006 lows and it seems to be in full steam steadily gaining but I think investors should book part profit at intervals because the delivery has come down to 18% from 35 and above but the company is wiping out its losses. I think the Government is waiting to announce something as soon as IFCI wipes out its losses. Till the result is out, I think there is only one way to go for IFCI and that is up. After the result one might see profit booking in wholesale that will bring down the price. Any comments are welcome from experienced boarders.

Traderji please give your view on IFCI for long term.

hi ,

http://www.traderji.com/equities/10259-ifci-cup-handle.html

go here , you will know the technical reason behind it's rise.

thanxs
winston

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If Morgan Stanley buys 75 lac shares at Rs22/23,then i feel they have a target of Rs50 at least in 6 months based on their close research.

hello Jatayoo!!

where were you ?????
well, my broker says IFCI can touch 100 within a year.

Thanxs
winston

Hi,

Is it ok to buy IFCI at these levels(26.70) for swing trade.

Raju

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HI
I am allways on the board,and i read your swing calls daily!I had a very nice assessment of IFCI abt two yrs ago and i had made a post on the board a few days ago.I feel your broker's assessment is correct and i hold the same view.

IFCI has posted net profit of 129 Crores compared to loss on YoY basis and up by 10% on quarter to quarter. Last quarter the profit was around 114 Crores. Chances of going upto Rs.30 is there but I think based on the run up before, it might be advisable to book partial profit if any and get into the script once the frenzy cools down and the stock goes into hibernation before budget. Would appreciate experienced comments from boarders.

I feel one should not play it short term but keep it for atleast one year and one could see a target of anywhere from 50-75.

Is IFCI forming Head & Shoulder Pattern.....???

Pankaj

Hi Guys,

Post after a long time. I hold IFCI since June last year (lookup will tell you my purchase price).

In my humble opinion, it has risen because of the simple reasons that it has recovered its bad debts. These bad debts were written off in previous years and any recovery goes into the bottomline.

Further they sold 7% in NSE and now they are planning to sell their 20 odd % in ICRA (with ICRA IPO). They are also trying to sell the unrecoverable assets portfolio to specialized recovery agencies and hence all this run up.

Again .. I hold IFCI and this is my opinion and is biased.

Regards,
http://pseudosocial.blogspot.com