Monday, January 7, 2008

IFCIs stake in ESSAR POWER is valued at 1 bn USD

MARKET BUZZ: IFCIs stake in ESSAR POWER is valued at 1 bn USD which is Rs 55 per share for IFCI. IFCI will cross Rs 145 value unlocking in 2months ... buy IFCI intra day target 115 Expect huge buying today more than 10 cr shares

3 comments:

H U Patel said...

How reliable this information? Stock is heading towards 70.

Morgan said...
This comment has been removed by the author.
Morgan said...

The information is reliable and has caused Goldman sachs to buy6,392,875 shares at Rs 96.24 a share of IFCI.
check out this page
http://freemanstrikes.blogspot.com/2008/01/bulk-deal-goldman-sachs-buys-639-mn.html
unfortunately market hasn't reacted to the news.. But still the share could achieve the target given some time(1- 3 weeks).