| 14. surjeet 3/30/2010 3:40:46 AM IST |
Price @BSE - Rs 50.95 when posted |
48-50 is a gud level to enter in this stock...one should trade the script when ever it comes down to 50 levels and sell around 55 to 58....my thoughts only...plz do ur own research...
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| 13. s.srinivas 3/29/2010 10:58:19 PM IST |
Price @BSE - Rs 50.95 when posted |
sir
shall i take current level ?
9915464768 |
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| 12. NEHA JAIN 5/15/2008 9:11:35 AM IST |
Price @BSE - Rs 62.45
when posted |
| FOR INTRADAY BUY IFCI @ RS 63 TARGET RS 68 |
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| 11. NEHA JAIN 5/15/2008 9:09:20 AM IST |
Price @BSE - Rs 61.50
when posted |
| BUY IFCI @ RS 63 TARGET RS68 |
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| 10. Priti 1/24/2008 9:49:20 PM IST |
Price @BSE -Rs 53.9 when posted |
| IFCI looks a decent buy at the current levels, purely on fundamentals. The share could rise to Rs.75 levels very soon. |
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| 9. Arti 1/1/2008 8:25:57 PM IST |
Price @BSE: 96 Rs when posted |
| The scrip is up today currently by 6.28% and still can hit high today? Might cross 100. |
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| 8. StockNews 12/31/2007 8:51:50 AM IST |
Price @BSE: 81.70 Rs when posted |
New Delhi: It might not be curtains to getting a strategic investor at non-banking finance company IFCI but the management, which is still recovering from the shock of a possible deal with Sterlite-Morgan Stanley being called off, will first try to get the governments Rs 523 crore debt out of the way before restarting the process.
While an indication to a rebid emerged on Saturday with finance minister P Chidambaram raising the issue in Bangalore, company sources said the board or the management were yet to start work on trying to rope in a strategic investor, other than World Bank arm International Finance Corporation. There is too much fatigue. It will take some time (to restart the sale process), said an executive. |
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| 7. Ganesh 12/27/2007 7:43:37 AM IST |
Price @BSE: 80.35 Rs when posted |
| An expert Mr. Thulasian Technical Analysist reports IFCI stock valuation is Rs 60 -70 only.We have to believe Mr Thulasian report. |
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| 6. Narayan 12/27/2007 7:38:06 AM IST |
Price @BSE: 80.35 Rs when posted |
As had been felt earlier IFCI is no longer attractive to hold. The stake sale failed and the stock is looking over valued at current levels.
The right valuation is Rs. 73. Please exit the stock and boom profits at the earliest as I expect a huge fall in 2-3 days time. |
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| 5. Sandeep 12/26/2007 8:24:59 PM IST |
Price @BSE: 80.35 Rs when posted |
| As IFCI's strategic stake sale is in limbo, the Delhi-based lender has invited applications from merchant bankers to value and buy shares in unlisted firms in its portfolio, reports PTI (Via Business Standard). These stakes have been acquired by IFCI either directly or indirectly in lieu of debt. The interested parties are required to submit their bids before January 10, 2008, the report adds. Cash-starved IFCI is trying to shore up capital through this sale process. IFCI has identified some 100 companies to sell the stake. |
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| 4. Salim 12/25/2007 9:02:54 PM IST |
Price @BSE: 80.90 Rs when posted |
IFCI has been beaten down to CMP Rs.77.5 because of the canceling of the bid process. This is a natural reaction, and soon the scrip will consolidate before it sets the direction.
If you look at the charts, you will want to exit. All indicators are pointing south, and on the upside there are strong resistances at Rs.85, 91 and 96. Hence short term players and speculators must exit from the counter. Whether the scrip goes down any further or not, the upside will take some time. My suggestion to them is to exit.
However, long term investors should stay invested, and when the scrip finds an intermediate bottom, and consolidates, they might add to their holdings. My submissions for you to examine this perspective are:
a. IFCI has hugely enhanced its business model and income stream and is improving its profits. In quarter ending September 2006, they reported profits after many years. They have been in profits every quarter thereafter.
b. In FY07, they showed handsome profits. In FY08, each quarter is better than the previous quarter. IFCI might double its profits in FYo8.
c. They are unlocking value by disposing off investments that are not getting them cash. Most of their investments in unlisted companies would be on sale. Larger cash on hand would add to their income.
d. Many large organizations have done due diligence and are seeking to increase their stake. IFCI is on the shopping list of IFC, Morgan Stanley, Anil Agarwal (Vedanta), LIC and many more from US and Japan.
All these reconfirm that IFCI is a preferred investment. Most of the suitors are interested or see value at Rs.85, 90, 107 etc. Obviously they see long term stake will get them a good bargain.
I have the same logic and hence shall remain invested. Yes, the valuation is an issue in the short term. If the scrip falls, I would add. At higher levels, I would hold and ride for the longer term, say for 18 to 24 months.
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| 3. Arti 12/24/2007 6:51:22 PM IST |
Price 80.9 when posted |
| IFCI TO SELL STAKE IN 100 UNLISTED COMPANIES - BIDS TO BE SUBMITTED BY 10-JAN-2008. |
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| 2. Ghoru Chand 12/20/2007 2:05:55 PM IST |
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NEW DELHI: The race for picking up 26% stake in IFCI has narrowed down to three players. While the consortium formed by WL Ross, GS Capital Partners VI Fund and Standard Chartered Bank has opted out, three consortia submitted financial and technical bids on Friday. Those in the fray include consortium led by Sterlite Industries of Anil Agarwal, Shinsei Bank and Cargill Financial.
While Sterlite Industries has tied up with Morgan Stanley, the Shinsei Bank consortium includes Punjab National Bank and JC Flowers & Co. According to sources familiar with the proposed stake sale, the bid from Cargill Financial is in tie-up with Texas Pacific Group.
While there was no official word about the bids, the IFCI board is expected to consider them on December 17. Once the board picks a winner, the consortium concerned has to get approvals from regulatory bodies.
The process of inducting a strategic partner for IFCI started in August and is expected to be completed in a month from now.
Initially, nearly 10 suitors had expressed interest in buying stake in IFCI. However, only eight were shortlisted by the IFCI board, with Kotak Mahindra Bank and Newbridge Capital exiting the race at this stage. Of the shortlisted eight, only four undertook due diligence of IFCI.
With the WL Ross-led consortium not bidding, the race has now narrowed down to three players. The induction of a strategic partner is aimed at bringing in financial resources and management expertise without diluting the basic character of IFCI as a development financial entity.
It is believed that IFCI has fixed Rs 107 per share as a rate for converting bonds issued to public sector banks and insurance companies into equity. The institution had plans to convert Rs 900 crore of optionally convertible bonds issued to PSBs into equity.
However, it was decided later that the conversion would be limited to Rs 579-crore worth of bonds. This will ensure that public sector insurance companies retain their shares at the existing level of 13%, even after offloading 26% to a strategic partner. After the conversion and induction of a new partner, the stake of banks in IFCI would be more than 25% and government-controlled organisations would hold over 38%. |
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| 1. Rajiv 12/15/2007 9:36:56 PM IST |
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NEW DELHI: The race for picking up 26% stake in IFCI has narrowed down to three players. While the consortium formed by WL Ross, GS Capital Partners VI Fund and Standard Chartered Bank has opted out, three consortia submitted financial and technical bids on Friday. Those in the fray include consortium led by Sterlite Industries of Anil Agarwal, Shinsei Bank and Cargill Financial.
While Sterlite Industries has tied up with Morgan Stanley, the Shinsei Bank consortium includes Punjab National Bank and JC Flowers & Co. According to sources familiar with the proposed stake sale, the bid from Cargill Financial is in tie-up with Texas Pacific Group.
While there was no official word about the bids, the IFCI board is expected to consider them on December 17. Once the board picks a winner, the consortium concerned has to get approvals from regulatory bodies.
The process of inducting a strategic partner for IFCI started in August and is expected to be completed in a month from now.
Initially, nearly 10 suitors had expressed interest in buying stake in IFCI. However, only eight were shortlisted by the IFCI board, with Kotak Mahindra Bank and Newbridge Capital exiting the race at this stage. Of the shortlisted eight, only four undertook due diligence of IFCI.
With the WL Ross-led consortium not bidding, the race has now narrowed down to three players. The induction of a strategic partner is aimed at bringing in financial resources and management expertise without diluting the basic character of IFCI as a development financial entity.
It is believed that IFCI has fixed Rs 107 per share as a rate for converting bonds issued to public sector banks and insurance companies into equity. The institution had plans to convert Rs 900 crore of optionally convertible bonds issued to PSBs into equity.
However, it was decided later that the conversion would be limited to Rs 579-crore worth of bonds. This will ensure that public sector insurance companies retain their shares at the existing level of 13%, even after offloading 26% to a strategic partner. After the conversion and induction of a new partner, the stake of banks in IFCI would be more than 25% and government-controlled organisations would hold over 38%. |
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