Sell IFCI: Gaurang Shah, Geojit BNP

ET Now spoke to Gaurang Shah, Asst. VP, Geojit BNP Paribas Financial Services, on his view on IFCI.

What is the take here on IFCI? Volatile price moves but nonetheless all bit of news keeping the stock very active?

It's quite through and the stock has moved more on the news that has been coming out in the recent past and given the kind of appreciation that they have had in their investment portfolio since the markets have moved to this kind of level.

But again all this news of banking license will take too much time to realize and even if it does I think to rollout and have a comfortable position it is going to be a little bit much more longer. The rally is there on the fallback of the news but I would definitely advise to lighten up the position on IFCI may be at current CMP or if you want to just trail the upside put your trailing profitable stop losses and ride the upside because of the fact that it has gone up so much. I think the upside could be limited. Having said that, the market view also on IFCI is more of a trading stock rather than an investment idea.