IFCI may slip to Rs 23: Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that IFCI may slip to Rs 23.

Sukhani told CNBC-TV18, "IFCI is my favourite shorting candidate. We will see Rs 23 and probably see much lower levels."

At 11:16 hrs IFCI was quoting at Rs 25.20, up Rs 0.05, or 0.20%. It has touched a 52-week low of Rs 24.75. The company's trailing 12-month (TTM) EPS was at Rs 9.57 per share. (Dec, 2012). The stock's price-to-earnings (P/E) ratio was 2.63.

The latest book value of the company is Rs 31.51 per share. At current value, the price-to-book value of the company was 0.8. The dividend yield of the company was 3.97%.