IFCI stock has seen very volatile movements due to stake sale. The stock was recently dumped by traders as the stake sale was called off.

There is a rumor in the markets that IFCI stake sale could soon be finalized at Rs 115 per share. If this happens, the stock may see rise in valuations.

The stock is currently trading at Rs 96.50 with a gain of Rs 5 on BSE.

IFCI stock is looking good for long term investment as well. The fundamentals are looking good and with stake sale, there could be reforms in the corporation.

Investors with short to long term prospective can enter this stock at current levels and at every dip. If the news of stake sale is finalized, the stock could see an immediate upward move to 120 levels.