Friday, August 28, 2015

Multiyear Support @ IFCI

IFCI is in approaching multi year  support zone of 15.50 can be considered Stoploss, 18.00 buying opportunity above 20.50 bounce.

I also tried to support the opportunity with some financial data
Stock is trading at 0.53 of it's book value,
It has maintained good dividend yield of  5.00% and divident payout of 25.00%
Recently it's promoters has also increased their stake.....might be something cooking good

For those who wants some quick bucks can try their luck here. However it not advisable to invest in any stock without prior research at your end, my observation is purely based on birds eye view approach.

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