Buy IFCI at around Rs 20-21: Baliga

Baliga told CNBC-TV18, “We have seen the IFCI stock fall to the current levels because of the majority stake, and the way I see it is we could see levels closer to about Rs 20-21. At those levels, one could look at buying because whatever said and done, going ahead, there will be talk of a strategic sale which we had heard about four or five years back. I think that will again come back to the fore which could be the trigger for the stock to move up. So, I think at about Rs 20-21, there is not much of a risk in buying IFCI.”