Do not invest in IFCI: Rajen Shah

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Do not invest in IFCI: Rajen Shah

Do not invest in IFCI, says Rajen Shah, CIO, Angel Broking.

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Excerpts from Closing Bell on CNBC-TV18 Watch the full show » ALSO READ See previous views by Rajen Shah See what other Experts & Brokerages are saying about IFCI See messages about IFCI IFCI BSE | NSE 13/02/12 Are Mutual Funds betting on IFCI?

Do not invest in IFCI , says Rajen Shah , CIO, Angel Broking.

Shah told CNBC-TV18, "I had clearly mentioned that IFCI is a trader's delight. Every time this news comes up, the stock goes to Rs 85-90 levels and maybe when it doesn't happen it comes down to about Rs 30 levels and it has happening for the past couple of years. But this time the government seems to be serious, so maybe the stock could continue to be in action and limelight. But it's not a stock for investment; I would certainly not advice investors to get into this stock."