IFCI -- Hold or Sell???

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  #1  
Old 3rd March 2006, 02:55 PM
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Default IFCI -- Hold or Sell???



hello

i have IFCI shares -- 12.50 -2000shares..

please advise me wat to do..either hold or sell..
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  #2  
Old 3rd March 2006, 04:18 PM
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Default Re: IFCI -- Hold or Sell???

Hey Pavan

I cannot say you about the charts and technicals, but future wise its definitely not going anywhere until IFCI-IDBI merger works out. That is supposed to be in this fiscal 06-07.

Regards
Abhijit
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  #3  
Old 3rd March 2006, 05:25 PM
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Default Re: IFCI -- Hold or Sell???

thanks abijit for u r comments...

so from u r comments it better i sell it off..then that means at CMP 10.30 i wud suffer a loss of 4000rs.
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  #4  
Old 3rd March 2006, 05:38 PM
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rajesh.sadhanala is on a distinguished road
Default Re: IFCI -- Hold or Sell???

Quote:
Originally Posted by pavan12
thanks abijit for u r comments...

so from u r comments it better i sell it off..then that means at CMP 10.30 i wud suffer a loss of 4000rs.
I suggest u consult Saint, Amit or Karthik before u decide. Post it on one of these masters thread. You will definately get a nice idea

Regards
Raj
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  #5  
Old 3rd March 2006, 06:19 PM
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Default Re: IFCI -- Hold or Sell???

where shud i post it mate?i am new to this site ..so i dont have much idea...

thanks for u r reply
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  #6  
Old 3rd March 2006, 07:43 PM
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Default Re: IFCI -- Hold or Sell???

Quote:
Originally Posted by pavan12
where shud i post it mate?i am new to this site ..so i dont have much idea...

thanks for u r reply
put it in doubt relief or upward trend or AmitBE thread. These are the threads that keeps updating.
Even I will try to analyze it for u but go for the suggestions of experienced people like Saint, Amit and Karthik

Raj
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  #7  
Old 3rd March 2006, 07:59 PM
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Default Re: IFCI -- Hold or Sell???

Quoting "Moneypore.com"....

IFCI plunged 10% to Rs 11.10 on 28th Feb as there was no announcement of the package for revival of its term-lending institution in the budget. The scrip declined on a heavy volume of 74.4 lakh shares. A section of the market hoped that the government may unveil a package for reviving IFCI. The government has been discussing the rehabilitation of anailing IFCI for over two years now. However, pressure from political andtrade union circles have dragged the issue and decision-making has provedcumbersome. Beleaguered IFCI has already stopped sanctioning and disbursing funds andhas been focussing on recovery of bad assets.


Earlier......Press Trust Of India / New Delhi December 17, 2005

IDBI rules out IFCI, IIBI acquisition - Ruling out acquisition of ailing financial institutions Industrial Finance Corporation of India (IFCI) and Industrial Investment Bank of India (IIBI), the Industrial Development Bank of India on Friday said it aims at 16 per cent growth in business at over Rs 71,000 crore and plans to open over 300 branches in next two years.....

The news is all bad, notwithstanding the technicals my friend pavan12. When the news does a turn around, look at the indicators again for a direction.

And....don't worry about posting in anyone's particular thread......this category EQUITIES is just right......you can rest assured that all the great ones mentioned do unselfishly keep a hawk's eye on all the posts here.....not for anything else but just to selflessly help out souls in trouble or struggling to swim in this vast ocean of stock trading. Ask or cry out & you will surely find a helping hand here. That's the greatness of this forum.
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  #8  
Old 4th March 2006, 12:01 AM
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Default Re: IFCI -- Hold or Sell???

Quote:
Originally Posted by jaideep
Quoting "Moneypore.com"....

IFCI plunged 10% to Rs 11.10 on 28th Feb as there was no announcement of the package for revival of its term-lending institution in the budget. The scrip declined on a heavy volume of 74.4 lakh shares. A section of the market hoped that the government may unveil a package for reviving IFCI. The government has been discussing the rehabilitation of anailing IFCI for over two years now. However, pressure from political andtrade union circles have dragged the issue and decision-making has provedcumbersome. Beleaguered IFCI has already stopped sanctioning and disbursing funds andhas been focussing on recovery of bad assets.


Earlier......Press Trust Of India / New Delhi December 17, 2005

IDBI rules out IFCI, IIBI acquisition - Ruling out acquisition of ailing financial institutions Industrial Finance Corporation of India (IFCI) and Industrial Investment Bank of India (IIBI), the Industrial Development Bank of India on Friday said it aims at 16 per cent growth in business at over Rs 71,000 crore and plans to open over 300 branches in next two years.....

The news is all bad, notwithstanding the technicals my friend pavan12. When the news does a turn around, look at the indicators again for a direction.

And....don't worry about posting in anyone's particular thread......this category EQUITIES is just right......you can rest assured that all the great ones mentioned do unselfishly keep a hawk's eye on all the posts here.....not for anything else but just to selflessly help out souls in trouble or struggling to swim in this vast ocean of stock trading. Ask or cry out & you will surely find a helping hand here. That's the greatness of this forum.
Nice one Jaideep. I looked at the stock and currently it is in the downward trend.

In MACD, its in a sell position.
In RSI also it is downward trend.

Saint or Amit, can u please confirm it.

Regards
Raj
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  #9  
Old 4th March 2006, 12:43 AM
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ramtrade is on a distinguished road
Smile Re: IFCI -- Hold or Sell???

Hi I've been looking at this stock for some time. Recenlty the there was a interview by its director. Do go thru the interview excerpts. Also Ashwani Gujral says that it is a good buy between Rs9-10. I do agree that RSI is in downtrend. But i see a likely chances of RSI forming positive divergence. Comments and inputs from seniors are really required to clear this out.

Thanks
Ramesh
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  #10  
Old 4th March 2006, 12:47 AM
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Smile Re: IFCI -- Hold or Sell???

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.
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