Is This The End Of Ifci??

Read this article:
http://www.moneycontrol.com/india/n...man-sachs-sells-25-3-ifcis-stake/19/55/308001

It is a dangerous kind of situation out there for IFCI, Kotak is gone, Newbridge is gone I do not know what Goldman is signaling.......

Members Please Comment on this.

Hold for long term.

Dont look at it until it crosses 110 levels, sell for now

ifci has risen from rs 8 to three digits level.now naturally the expectations of the investors are high. it maybe going through some consolidation stage.

Another negative sign:

IDFC Managing Director and CEO Rajiv Lall says that the stock has run up too fast in recent weeks....
http://www.moneycontrol.com/india/n...p-outifci-race-as-price-too-high/12/30/308171

Inresting indeed, even after so many bad news IFCI was up 4% in the morning.

Cant take it out of my radar, will keep an eye once it able to take 110

i think this is not the end of ifci. but if market corrects then it may come down to 70 level. i think this is the best level to re-invest/add postion on this stock.

remember, this is not a technical advice for buy/sell on this stock.