ifci has no actual losse now cash profit 550 crore this quarter fully analyse the march resluts eps 15 +book value 30+ quoting at pe of just 4 bank pe 10+ price will be 150+ any equity sale would not below offered to banks 1400 cr share alloted at 107 in dec07 matter of few months.....nothing better availble at this price no risk ...no losses already turnaround that why refuesd 450 crore which govt. promised to give but ifci refused in this quarter and vrs 70 crore becuse of which showed losses otherwise this quarter profit was 550 corore.. ifci has already made full provision of all its bad loans and now recovery from these accounts reaping back money and showing profits increasing evervy quarter. you see 3500 crore losses set off in 3 years...now even reserves of 1400 crore it means 4900 crore profit in 3 years actually government has reduced all loan rates no other finance company has loans at such less rate that is why every body was willing to buy ifci at above 120 price last year when ifci refused to sell . now any delay in sale is actually increasing the intensive value of ifci every day profit is 3-4 crore any there is no dividend or cash payout menas cash remains with ifci means value of share should go up ...my dear all investor in india dont go in deep and analyse....dont be speculative always...if two days price willincrease every body will buy at 70-80-90 price not at 60 becasue everybody want immediate profits as if ifci will be wound up tommorrow ...now its good time wait for few motnths to get 300% return from this level 150 is must
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