IFCI - another Poseidon?

safely you can buy this share at Rs.9-10/-

Don't touch it.....its risky

Indiainfoline has come out with a report on IFCI titled "Irate Investor"

Here is the link for it

[/url]http://www.indiainfoline.com/stok/irate/030600.html[/url]

Personally, I feel that if you can afford to drain some money without bothering about it in future ( just like fire and forget missiles) you may end up with major gains. But in the process you may loose it all.

ICICI was also a Govt. promoted company but after privatisation it has cleaned up its act and its stock are valued decently now from a low of Rs. 77/- few years earlier.

If action is taken as pointed out in earlier posts, results may be good. Have a lion's heart.

I also heard that IDBI has sold lots of IFCI shares in the month of March05.

India Infoline report

"IFCI Ltd - Industrial Development Bank of India Limited has sold 1,40,00,000 Equity Shares of IFCI Ltd. during the period from March 3, 2005 to March 11, 2005."

Keep a watch on these things as they have better information than others.

Thanks

IFCI Share Holding Pattern (31.5.2005)

----No of Shares---- ( % )
a
Mutual Funds & UTI

- Unit Trust of India ---- 2000---- ( 0 )

- Mutual Funds ---- 52513 ---- ( 0.01 )

b
Banks, FIs, Insurance Companies Etc.

- Industrial Development Bank of India---- 121430699 ---- (19.01)

- Life Insurance Corporation of India ---- 53619600---- ( 8.4)

- General Insurance Corporation of India---- 21785200---- ( 3.41)

- New India Assurance company Limited ---- 12463000---- ( 1.95)

- Oriental Insurance Company Limited ---- 8918900 ---- ( 1.4)

- National Insurance Company Limited ---- 6168200 ---- ( 0.97)

- State Bank of India ---- 9577300 ---- ( 1.5)

- Other institutuonal Investors
(holding less than 1% of
the Share Capital individually) ---- 37573120 ---- (5.88)

c
FIIs

- HOLDING MORE THAN 1%
- Premier Investment Fund Limited ---- 6732488 ---- ( 1.05)

- Others ---- 80700 ---- (0.01)


Sub total ---- 278403720 ---- (43.59)


4
Others
a
Private Corporate Bodies

- HOLDING MORE THAN 1%
- Indiabulls Securities Limited ----- 6479487 ---- ( 1.01)

- Bodies Corporates
holding less than 1% of
the equity share capital individually ----71858532 ---- (11.25)

b
Indian Public ----- 278919716---- ( 43.68)

c
NRIs / OCBs (**) ---- 3014307---- (0.47)

Sub total ---- 360272042 ---- (56.41)

GRAND TOTAL ---- 638675762 ---- (100)


NOTE:
(*) There is no person covered as promoter in accordance with the definition

of promoter provided in Regulation 2(h) of the SEBI (Subtantial Acquisition

of Shares and Takeover) Regulations, 1997.

(**) Total foreign holding as on 31st March, 2005 was 9827495 Equity Shares

equivalent to 1.54% of the total paid up Equity Share Capital as on that date.


This I am giving as to understand who stands to loose and by how much.Thanks

one can hold this stock or make a fresh buying coz there could be some upside momentum in the coming days,so longs hold the stock.

as mentioned earlier post IFCI has made smart gains,so longs hold the stock

when do we exit any target price?

Dear Senior members,
Any body can tell the stop loss target for IFCI.
I am hoping it will go till 20-22.
Any suggestions.
thanks