IFCI was on & off in the news in the recent past with take-overs of the loss-making financial institiution by PNB & then IDBI making the news columns. Nothing concrete emerging as yet on the merger front & with the Government admittedly holding back any prospects of financial aid to the merging party (remember PNB asked for 3000+ crores), is the horizon looking bleak for this scrip? The markets are now witnessing a well-defined slide (call it reaction if you will) but can we attribute the same reasons for this to the steady slide in this scrip viz. end-of-the-year concerns, rising global crude prices, halt in inflation rate fall, over-valuation of our stocks etc.....?
Honestly, am intererested in comments more because I do hold some shares in this stock and less because I am consistently unable to predict the behaviour/psychology of these Industrial finance/banking institutions. They don't appear to behave in consonance with the markets generally & the banking (PSU or otherwise) sector in particular.
Honestly, am intererested in comments more because I do hold some shares in this stock and less because I am consistently unable to predict the behaviour/psychology of these Industrial finance/banking institutions. They don't appear to behave in consonance with the markets generally & the banking (PSU or otherwise) sector in particular.