IFCI 79 is still good hold
KukkujiWe had discussed it last week also after some negative reports in
HT.As looks to me, valuation around 75 is justifiable. two factors which
can push prices now area) Higher bidding for 26% stake sell:- Rumors on the bid prices
ranges from 85 - 130. However we should note that this excercise will
be completed by January 2008 only. The hype around IFCI has to sustain
for few more weeks for this price.
b) This quarter result has to be equally good as previous two
quarters.on the negative side, IFCI still has to buy back its debt (bonds)
which is huge.-Raj
Desc: I hold IFCI from Rs 60 level.
On Sep 14, 1:18 pm, "kukku picks" <kukkus…@gmail.com> wrote:
> ON 8TH NOV 2007 we discussed this stock at rs 13/14 for buying on every
> reactions, after that we saw lower side rate of rs 10, we discussed
> several time on this stock for buying during that period.
>
> stock is now at rs 79/80 level & may be heading for still higher levels as
> bid is expected to be at higher level.
>
> idbi too was discussed in during march 2007 as good buy when united western
> bank got merged with it. this should also see higher levels. stay invested .
>
> members may pl share view.
>
> note- investors/punters have discounted all bad factors & market is firming
> up. so it is time to be careful to control greed from investing at higher
> level. remain cash.* avoid overbought position*.
>
> kukku
>
> –http://groups.google.co.in/group/investmentsupergrowth
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