IFCI Update

As expected IFCI is stuck around 75 to 80 levels due to panic selling by investors who entered around 100 levels to make quick bucks. Added to this the ban in F & O created further problems as there was huge winding of in F & O positions and so this has led to the fall to 75.

Now watch the story of IFCI from here. There are some talks going on with International Finance Corp which is monetary arm of World bank for some stake sale which could be around 10 to 15%. This will be at a much higher price.

There is no need for IFCI investors to worry at this point if you plan to hold it for atleast another 6 months to 1 year.