IFCI Ltd: Explosive movement expected ahead!!

IFCI Ltd is one of the strongest companies in the financial sector, which has now diversified in the other sectors too, including real estate. The Company, after strengthening the activities of its Corporate Advisory Group, has diversified in areas of high value segments of financial consultancy. IFCI Infrastructure Development Ltd (IIDL) had been promoted as a wholly owned subsidiary of the Company, as an instrument for unlocking  value from real estate held by IFCI by way of its office and  residential properties, acquiring valuable and strategic real estate in the process of recovery from NPAs of IFCI and availing new  opportunities in real estate development through development  authorities. Over the years, IIDL has expanded its asset base by  purchasing assets and intensifying development work on such assets at  various geographical locations in the country and made its presence  felt on a pan India basis. IIDL, with its implementation of projects like Service Apartment  Project at Delhi, Hotel Project at Lucknow, Financial City project at  Bengaluru and residential projects in NCR and Kochi, is one of the  growth engines in the development of real estates and infrastructure, to which impetus is given by Government of India. Considering the momentum in the counter, the next target for the scrip seems to be Rs.45.5--47.4. For more, CLICK HERE.