Can i purchase ifci at current level for short term - 3 months any news?

Question

current rate 58 to 60

Answer 1

there is news for ifci .... check money control or rediff finance . ifci increased in value in spite of the fall in last two days . the stake sale news is hotting up . defnitely toime to buy now if  u r looking for 3 months term.

Answer 2

you can purchase IFCI at current level but in 3 months it may not cross more than 80, by seeing the current tend in the market

Answer 3

hi i have sure tips of  NSE & BSE  scripts. if u want online tips during market hours or premarket calls then add my id [e-mail] otherwise plz ignore it.

Answer 4

very very high risk share.

Answer 5

I think u should invest as soon as possible .Beside news of stake sale fundamentally it also looks strong .

The management has reported loss in The 4th quarter.

But the loss is due to writ-ting off of govt grant receivable.

I think it will cross 80 within 1 month.Vested interests in management r trying to keep the script down to make maximum profit.PNB is also showing interest in stake purchase

Answer 6

IFCI is still a trading counter.  Do not expect any news from IFCI within 3 months.  You may have to wait more than that for hearing a news about their proposed stake sale.

But for the short term play, you can purchase at current levels.