IFCI

If Nifty was on the rise today, you would have seen IFCI cross 60 today itself

Posted by : grkothari
Price when posted : BSE: Rs 50.60 ( 2.12 % ), NSE: Rs. 50.55 ( 1.92 % )

Dear Friend

If I got u correctly, u mean to say that the short sale of 8 crores shares are in Dec.series? because nov series has ended today and whatever short was there, should have been covered or squared up or shifted to dec series. The news of appointing consultancy firm is no doubt encouraging and that is why the bears have run to cover their positions resulting in sharp increase in price but do u feel that the momentum will continue at the same pace splly when it is also declared that the report shall be submitted in 3 months, a big period.
My feeling is the stock would no doubt increase, though, a bit slowly, with side ways movement at regular frequency. However, touching the 60 or more in Dec series is doubtful. Suggestions r solicited.
...

IFCI will start journey from tommorrow

Posted by : grkothari
Price when posted : BSE: Rs 50.60 ( 2.12 % ), NSE: Rs. 50.55 ( 1.92 % )

any time frame for your suggestions of 60 & 70?...

IFCI will start journey from tommorrow

Posted by : ramu.gurazala
Price when posted : BSE: Rs 50.60 ( 2.12 % ), NSE: Rs. 50.55 ( 1.92 % )

Since in the series that expired today there have so many shorts on IFCI as every one nows biggies who played large quantities in futures just stopped the stock not to rise above 52 in this series as if it happens they had to loose so much money so they just minimise their losses and keep the price of IFCI around 50. Now the fresh series is going to start from tommorrow and news will come out as the same biggies may take long positions in this series. so keep accumulating and just ready to see above 60 and then 70+...

If Nifty was on the rise today, you would have seen IFCI cross 60 today itself

Posted by : karshin
Price when posted : BSE: Rs 50.60 ( 2.12 % ), NSE: Rs. 50.55 ( 1.92 % )

good observation. you are absolutely right....

If Nifty was on the rise today, you would have seen IFCI cross 60 today itself

Posted by : mathias
Price when posted : BSE: Rs 50.60 ( 2.12 % ), NSE: Rs. 50.55 ( 1.92 % )

Nifty has fallen about 120 points today and that is why IFCI rose from 48.50 to 51.75 only today. If Nifty was on the up, you would have seen IFCI beyond 60 today itself. In futures there is a short sale of about 8 crore shares of IFCI which needs to be bought back by the shorts. ...

TODAY`S NEWS: GOVT. FINALISING CONSULTANTS

Posted by : mathias
Price when posted : BSE: Rs 50.60 ( 2.12 % ), NSE: Rs. 50.55 ( 1.92 % )

Friends: A gentleman among you wanted to know whether to buy 50 call at 3.60. My opinion is: Instead of buying a call, whatever funds you have to that extent buy and take delivery of IFCI. You will not only make a handsome profit but also get sound sleep at night. There is no stock on the Indian stock market that is as good fundamentally with such low P/E. Such low P/E means that there is very good scope for the price to double and even go beyond that by the time a decision is taken. From now onwards till a saturation is reached in price, only daredevils would be brave enough to short the stock. The short covering will start tomorrow as the news is fresh and very few are aware of it. Depending upon the panic buying, the price would soar.

Those who want to make a neat 100% profit within a short period of time, buy now. Those who have already bought and holding the stock, sit tight. If funds allow more buying, buy to the extent of funds available. I will tell you when to take your profit. ...

IFCI may sell stake.............

Posted by : lifaylon
Price when posted : BSE: Rs 50.60 ( 2.12 % ), NSE: Rs. 50.55 ( 1.92 % )

If market corrects THEN that will be a horrible decision

Better take a Putt at 40 also
Bcos 40 can come b4 55 i feel...

TODAY`S NEWS: GOVT. FINALISING CONSULTANTS

Posted by : tara23
Price when posted : BSE: Rs 50.60 ( 2.12 % ), NSE: Rs. 50.55 ( 1.92 % )

thanks for the advice...

IFCI may sell stake.............

Posted by : shortterm
Price when posted : BSE: Rs 50.60 ( 2.12 % ), NSE: Rs. 50.55 ( 1.92 % )

Keeping in view the developing news on IFCI , how profitable can be taking a Dec Call @ 50 @ premium of 3.6 (today closing premium).

If folks have any prior experience of trading in IFCI options in past , please let me know your lessons (if any) ...

IFCI may sell stake.............

Posted by : pms.swastika
Price when posted : BSE: Rs 50.60 ( 2.12 % ), NSE: Rs. 50.55 ( 1.92 % )

IFCI may sell stake.............

IFCI may sell stake in 16 companies.

Regards
Swastika PMS...

TODAY`S NEWS: GOVT. FINALISING CONSULTANTS

Posted by : das.ajitk2
Price when posted : BSE: Rs 50.60 ( 2.12 % ), NSE: Rs. 50.55 ( 1.92 % )

Thank you for your urging upon investor community to take advantage of a sure and imminent gain...

TODAY`S NEWS: GOVT. FINALISING CONSULTANTS

Posted by : Guest
Price when posted : BSE: Rs 50.60 ( 2.12 % ), NSE: Rs. 50.55 ( 1.92 % )

Don`t be so harsh.

Everyone has some hopes (short or otherwise)...

TODAY`S NEWS: GOVT. FINALISING CONSULTANTS

Posted by : govind8505
Price when posted : BSE: Rs 50.95 ( 2.83 % ), NSE: Rs. 51.20 ( 3.23 % )

Please tell me, do you have a hope this stock will cross 53 immedietly. I have that hope but not now may be in 2 week. I`m looking for your view....

TODAY`S NEWS: GOVT. FINALISING CONSULTANTS

Posted by : rashminjshah
Price when posted : BSE: Rs 51.25 ( 3.43 % ), NSE: Rs. 51.10 ( 3.02 % )

Absolutely correct,This is right time to buy the stock for a good rise@120 Rs ...

TODAY`S NEWS: GOVT. FINALISING CONSULTANTS

Posted by : tara23
Price when posted : BSE: Rs 50.75 ( 2.42 % ), NSE: Rs. 51.20 ( 3.23 % )

where are people who want to short and lose their shirts and shorts... let them speak now :-)...