Stock market analysts are of the view that investors can sell IFCI stock with a target price between Rs 48.50-47.

According to them, investors can sell the stock below Rs 50 with a strict stop loss of Rs 51.

If the stock fell below Rs 45, it may see more weakness.

Shares of the company, on Thursday (Nov 12), closed at Rs 50.75 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 6.82 and 7.43 respectively. The share price has seen a 52-week high of Rs 61.15 and a low of Rs 15.25 on BSE.

After selling the stock, the interested investors can enter the stock again at a low price, for medium or long term prospective.

IFCI registered a steep fall in its standalone net profit for the three month period ended September 2009.

During the period, the company’s profit dropped 26.47% to Rs 1,904.80 million as compared to Rs 2,590.60 million during the corresponding period of the last year.

The company’s net sales during the period surged by 7.30% to Rs 4,110.60 million, whereas total income declined 5.27% to Rs 4,184.80 million.

IFCI recorded EPS of Rs 2.57 during the three month period, recording 23.96% slump over previous year period.