Multibagger PSU Stocks to Buy: PSU shares IFCI Limited have given five times (425%) returns in the last one year. There is a continuous upper circuit in this stock. Experts say that there is a positive trend in the stock.
K Kunal V Parar says, the daily momentum indicator MACD has crossed its zero line with a bullish crossover. This is a sign of continued strength and positive trend in the stock. On the basis of technical analysis, this stock can show an upward range of 88-93. On the downside, support level will be at 58.
PSU share IFCI Limited has given five times (425%) returns in the last one year. That is, in this, the value of investment of Rs 1 lakh has increased to more than Rs 5 lakh in one year. At the same time, the return of this stock in one month is 120 percent. Whereas if we look at the trading session of the last 15 days, during this period this stock has increased by more than 100 percent. IFCI’s 52 week high is 65.28 and low is 9.03. The market cap of this smallcap PSU stock on BSE is Rs 16,252 crore.
Let us tell you, IFCI Limited is a development finance institution owned by the Ministry of Finance. It was established as a statutory corporation in 1948. At present IFCI is a listed company in BSE and NSE.
(Disclaimer: Here the opinion on the share has been given by the analyst. Consult your advisor before investing.)