RAW DIAMOND READY TO BE POLISHED:

*TFCI*

Above the comment made by senior person of a financial services co who will be participating in eAuction of IFCI stake

As per him, TFCI is available at value equivalent to its Networth which makes TFCI highly undervalued. New private sector promoter will multiply current manpower of 30 to make it fastest growing NBFC

Yesterday IFCI board has already passed resolution for eAuction of TFCI stake. However as per tel talk with our source in co, IFCI has not intimated Bse in this regard ( as not mandatory) as *TFCI is not subsidiary of IFCI. TFCI is Investment of IFCI. Last year, IFCI had sold few million shares and had not given intimation that time also to stock exchange*

IN FACT EAUCTION MAY TAKE PLACE AS EARLY AS FIRST WEEK OF APRIL AND STOCK WILL BE IN 3 DIGITS.

Investors may remember that last month news of govt stake sale in Dredging came and share price of Dredging( biz declining, losses) has spurted from 400 to 700.

_TFCI is a strong buy as eAuction trigger few days away_