NSE : Aug 06, 16:37
| Open Price | 62.50 | Volume | 54821750 | |
|---|---|---|---|---|
| High Price | 64.25 | 52 Wk High | 64.50 | |
| Low Price | 58.50 | 52 Wk Low | 41.00 | |
| Prev. Close | 62.45 |
Friday, August 6, 2010
IFCI - steep fall -
IFCI witnessed a steep fall in its share price - 5.60% to close at 58.95 on the back of the news that government is contemplating to convert the IFCI bonds into equity. While the steep fall is knee jerk reaction to the news, i still consider it a good bet. Wait for one more session, i.e., monday, and if the fall is arrested, start buying. It will again move up to 64 - 66 range in short time. Trading data for the stock on 06.08.2010
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