Buy IFCI for Rs 76 target: Satish Betadpur

In a chat with ET Now, Satish Betadpur, CFA, Global Research Director, Independent International Investment Research PLC, shares his views on the outlook of IFCI.

What is your call on IFCI?

In the NBFC space, IFCI has been a pick and we have Rs 76 price target on that, which after their subsidiary listing news came out, we have decided to relook at and see some of valuations on this. Right now we were just looking at its trade valuation price to book type of valuation but going forward we may look at it some of parts and see how much of higher this can go. Is definitely one of the better ones to own at this point.