According to a reliable source
“By third quarter of 2006, IFCI had a net profit of Rs 229 crore. In the fourth quarter, by divesting its entire stake in ICRA for about Rs 30 crore & 7 % stake in the National Stock Exchange for Rs 800 crore, the company has almost turned in Black. Add to this, NPA of Rs 200 crore has been recovered recently. Summing it up, Net profit might be more than Rs 1,000 crore in 2006-07.”
Further, IFCI will be selling the assets of Hitech Electro Thermics & Hydro Power Ltd. All these will materialize in the early part of 2007-08. It has been learned from a market source that IFCI has additional real estates of worth Rs 800 crore.
Disclosure: I may have position or maybe trading in above said stocks for myself/ family members / friends / Associates.
This blog is meant for ideas on Stocks, commodity & Forex trading. It emphasizes on importance of Technical Analysis using Swing & Candlestick Patterns. Also covers articles on Insurance, Loans & Mortage to complete the entire Financial Basket.
Wednesday, April 04, 2007
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April
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- MTNL - GOLD ETF looks Good for Investment
- Few stocks for very short period
- IFCI & Important Events scheduled for this Friday
- Time for Portfolio Churning
- Nifty - Levels for Next Move using Candlestick & ...
- Nifty - Candlestick Hanging Man on Daily chart
- IDBI - Big Brother
- Candlestick – Hammer pattern on chart.
- IFCI – Ready to Take Off?
- IFCI - A Term lending organization
- Nifty - Dead Cat Bounce?
- NIFTY - Air Ambulance Service Required
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