Sarvendra Srivastava, CMT & Head Technical Research, Phisense.com recommends a buy rating on IFCI with a target price of Rs 28 and a strict stop loss placed at Rs 24.90. The stock is trading with a P/E of 12.73 and P/B of 0.6. The stock is looking bullish on the charts.IFCI is a high beta stock (1) and is trading well above its 50-day, 100-day and 200-day moving average of Rs 24.51, Rs 23.50 and Rs 24.07, respectively, as per data collated by ETMarkets.com. The stock has declined 9 per cent so far in the calendar year 2016.

Source: Economic Times June 14, 2016 08:11 UTC