IFCI a penny stocks which was trading at a value of rupees 10 in march is now trading at a value of 30 . which has given a expotentail return of 200% in less than year making buzz in the market . IFCI was formly as Industrial Finance Corporation of India.
IFCI : COMPLETE SHARE ANALYSIS
Table of Contents
CHAPTER 1 :THE HISTORY
iFCI is a non banking fiance company in the public sector from 1948 . IFCI is involved in providing financial support for the diversified growth of industries across the spectrum . they have been involved in financing various projects which are involved in the development of the nation such are airports, roads, telecom, power, real estate, manufacturing , and in services sector.
iFCI has also played an important role in developing stock market exchanges , entrepreneurship development organisation, consultancy organisation .
CHAPTER 2 : THE TREND
the trend of iFCI Has been full of ups and downs. the stock was ranging between 10 -15 rupees from 1999 to 2006 and a sudden rise in the stocks happen which make this stocks from 10 to 100 in just one year giving a return of 10X or 1000% to the investor . this was the peak time of iFCI
After the stocks shows a bearish move for almost 2 years making the price fell from 100 to 25 in 2009. from that the stocks consolidated and reached a rupees 3 lowest in all time in mid 2020 .
from 2020-2022 the stocks tried to comeback and reached a point where it sharted to rise as it did previously . then stock came into buzz when the stocks was giving a return of 10-15% in a single day. this causes fomo in the people and people start investing the craze was so hype that the stocks price roared about 200% in a year without a news and a strong foundation.
CHAPTER 3 : THE ANALYSIS
POSITIVES
- IFCI comes under the top 5 companies in his sector
- IFCI has increased its profit in recent quarters
- Company is having proper Cash flow for future
NEGATIVES
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -19.2% over past five years.
- Company has a low return on equity of -34.3% over last 3 years.
- The Earning Per share is in negative
- The percentage of FIIs and DIIs Stake in IFCI is has been decreasing in recent quarters
CHAPTER 4 : THE CONCLUSION
The Decreasing interest of fIIs and DIIs is decerasing even if the returns are outstanding this is a cause of concern . the outstanding up move in market without any news or a very good quarterly result shows that the big players can be using this stock for pump and dump scheme . do your own in depth research before investing a single penny.
OUR RECENT ARTICLE https://stockstoby.com/best-small-cap-mutual-fund-2023/
DISCLAIMER
Stock recommendations and comments presented on stockstoby.com are solely those of the analysts and experts quoted. They do not represent the opinions of Stockstoby.com on whether to buy, sell or hold shares of a particular stock.
Investors should be cautious about any and all stock recommendations and should consider the source of any advice on stock selection. Various factors, including personal or corporate ownership, may influence or factor into an expert’s stock analysis or opinion.
All investors are advised to conduct their own independent research into individual stocks before making a purchase decision. In addition, investors are advised that past stock performance is no guarantee of future price appreciation
