Poised for Big Upgrade:TFCI

HUGE IMPROVEMENT IN ASSET QUALITY

TFCI is expected to come out with very impressive performance in quarter  ending March 2017. There is substantial reduction in NPA due to concerted efforts made by Management for cash recovery from top 4 defaulting borrowers.This will result in upgradation to Standard category and reduction of Gross and Net NPAs. NPAs as on 31st March should *come down by 40%*. Such improvement in Asset quality will lead to MUCH HIGHER Valuations and HIGHER _reserve price for auction_
This will improve yield on advances as a result of income recognition.

STOCK CAN BE IN 3 DIGITS IN 1-2 WEEKS

LONG TERM TP 300-400