Stocks to Watch, 31 December: Stocks like Privi Speciality Chemicals, RITES, Bharat Forge, Power Grid Corporation of India, Titan Company, IFCI, InterGlobe Aviation, Taj GVK Hotels and Resorts, Apollo Techno Industries, and Admach Systems will be in focus on December 31.
It warned that reliance on recurring capital infusion without structural reforms risked creating 'recurring dependency on government funding', adding that this could undermine IFCI’s ability to recover autonomously.
IFCI holds 52.86% in Stock Holding Corporation, which in turn owns 4.4% of NSE
Stocks to Watch, Mar 24: Stocks like Reliance Industries, Apollo Hospitals Enterprise, Power Grid Corporation, Allied Blenders and Distillers, Sundaram-Clayton, IRCON International, NMDC, Power Finance Corporation, UCO Bank, Larsen & Toubro, Insolation Energy, Hindustan Copper, IFCI, and IIFL Capital Services will be in focus on March 24.
Centre plans to permanently stop IFCI's lending operations, says report
FSIB also recommended Palash Srivastava for the position of Deputy Managing Director in IIFCL
The Nifty 50 needs to sustain 24,500 for a further upward journey towards the 24,800 level, with immediate support placed at 24,400. Here are some trading ideas for the near term.