the gov. is willing to convert its loan into shares, and if that is so why not buy so that their coversion is atleast 1.5 times the book value atleast, compared to other lenders who had to do at three times the current price.
BUY Shiv-Vani Oil & Gas target 406 in next week, Shiv-Vani has succesfully installed and running of 5 Nos. Drilling Rigs out of 8 Drilling Rig contract of ONGC.
IFCI is moving towards a dawning horizon. The company gave divident this year. A flourishing future of the co will prize the investor sufficiantly in no distant future.
Sell. I remember it around 20Rs. during the peak downfall last year...I guess a sell out and invest in a long term company which has less drops and highs, will be a better bet long term. Short term, if the Govt. sells stake - it means theres hassles and problems and they dont want to be blamed later on. I`d sell but then again, those who have confidence in the BOD could opt to buy.
| NIFTY 
