Ifci

#1
strong rumours are hunting on bank license for IFCI. As pranab clearly indicated in his budget speech announcement of bank licenses before march 31st, speculation is mounting on IFCI.

The other stake sale(5%) of NSE by one of the promotor (still not known), is again pointing to this scrip, as 5% of NSE stake will give 900 crores, which can be utilised for cash flow, if bank license is honoured, accounting Rs.12 per share, hope it is not already discounted in the scrip pricing

As govt is silent on IFCI for a long time, and no financial commitment in this budget, may be another plus point moving towards bank license, as this will be the ultimate option to safe guard this oldest NBFC.

irrespective what ever going to happen, one should keep ttrack on this scrip, especially with call options and playing with 5 paisa / 10 paisa net benifit as lot size is 4000.

as this scrip is always speculative for the election time lobby , one can look it for the coming state elections, which may trigger solid momentum for this scrip.

17/3/2011 is the day for RBI monitary policy meeting... any chance to announce the bank licenses on this day... or

31/3/2011 is the D day for this announcement coinciding the fno expiry date with IT payment deadline.

On this 31/3/2011, Honest people will empty their pockets by paying their Tax payments, where as politicians will mint money utilising this type of speculative scrips...

chances are bright for this scrip to touch 65.... and then... no targets.... best way is to grab the opportunity rather than hunting for targets.

Good luck to all...

uday
 

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