IFCI - another Poseidon?

[jaspal]

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

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

 

[pkjha30]

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

 

[pkjha30]

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

 

[billauday]

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.

 

[billauday]

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

 

[garun1979]

when do we exit any target price?

 

[chopra]

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