IFCI needs a trigger to move from current levels: Ashwani Gujral, Market Strategist

Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, in a chat with ET Now talks about IFCI.

Do you believe that IFCI is a stock that could possibly even reach out to those mid-November levels once again or is going to be fairly flat and stay at these levels for a considerable amount of time right now?

You can talk about stories once, twice, thrice but if you never deliver, then slowly the stocks lose fizz. We have heard the strategic investor story for so long. Now stock needs a trigger, otherwise it is not moving from here because anybody who buys at higher levels is finally told it did not happen again this time.

So broad range 45 to about 65, 65 will happen if any kind of news happens. Otherwise, the stock will languish on this 45 to 55 kind of zone.