IFCI -- Hold or Sell???
- Thread starter pavan12
- Start date
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.
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.
jaideep said:
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.
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.
In MACD, its in a sell position.
In RSI also it is downward trend.
Saint or Amit, can u please confirm it.
Regards
Raj
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
Thanks
Ramesh
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