As per technical charts, Industrial Finance Corporation of India can be purchased with strict stop loss of Rs 106.5. This is an intraday call for day traders for the target of Rs 114.

Based on current results, the stock of the company is trading at a P/E of 4 and offers an earning per share of Rs 23.85.

The activity of Industrial Finance Corporation of India is to provide long term financial support to all segment of Indian industry including provide development financing, project financing, financial services and comprehensive corporate advisory services. IFCI also provides equipment finance, equipment credit, equipment leasing, corporate loans, short-term loans and working capital loans.

The company is also having robust plans and services for the growth of the company in coming quarters.

On National Stock Exchange, the stock has touched 52-week of Rs 115 and a low of Rs 8.

The other stocks of the company which are looking good for future gains are Power Finance, IDFC and Tourism Finance.