Friends: A gentleman among you wanted to know whether to buy 50 call at 3.60. My opinion is: Instead of buying a call, whatever funds you have to that extent buy and take delivery of IFCI. You will not only make a handsome profit but also get sound sleep at night. There is no stock on the Indian stock market that is as good fundamentally with such low P/E. Such low P/E means that there is very good scope for the price to double and even go beyond that by the time a decision is taken. From now onwards till a saturation is reached in price, only daredevils would be brave enough to short the stock. The short covering will start tomorrow as the news is fresh and very few are aware of it. Depending upon the panic buying, the price would soar.

Those who want to make a neat 100% profit within a short period of time, buy now. Those who have already bought and holding the stock, sit tight. If funds allow more buying, buy to the extent of funds available. I will tell you when to take your profit.