FY18 to be landmark: TFCI
TFCI is slated to report LIFETIME HIGH NP FOR FY17. HOWEVER FY18 WILL BE LANDMARK YEAR AS TFCI NP CAN BE IN 3 DIGITS
*Q4 PAT to rise 700%*
TFCI should report NP of 23-24 cr vs 3.25 cr, whopping rise of 700%. *This will also be lifetime highest ever quarterly profit*
TFCI has also shifted from leased premises to self-owned building which not only will *save significant rental cost* but offer big scope for in-house expansion
Stock has almost bottomed out and poised to make new 52 week /all-time high next week.
We are confident that the day advertisement about eAuction comes, stock can be UC even before bidding starts
TP Rs 105-115 by April-end
Rs 200 by Dec 2017
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