IFCI may go upto Rs 50: Rakesh Bansal

IFCI may go upto Rs 50, says Rakesh Bansal, CEO of rakeshbansal.com.

Bansal told CNBC-Awaaz, "Investors should buy IFCI. The stock has important support at Rs 24-25. There is indication of some upside in short to medium term. It can touch Rs 50 in future."
The company's trailing 12-month (TTM) EPS was at Rs 9.76 per share. (Jun 2011). The stock's price-to-earnings (P/E) ratio was 3.15. The latest book value of the company is Rs 64.24 per share. At current value, the price-to-book value of the company was 0.48. The dividend yield of the company was 3.25%.