Update TFCI Q4:

Co has reported PAT of 17.20cr which is lower than Denofwealth estimate. However in Q4 co has made extra provision of 4.65 cr for salary ( this figure for full year, quarterly impact would have been 1.15cr. Co expecting approval for salary increment, hence provision already made)
FY17 eps is 8.73

*Main point is that Nnpa stand reduced to 2.5% and WE EXPECT NPA TO BE JUST 0.5% ON Q1FY18*

_Disinvestment process to kick off in 2 weeks'_

Can expect big jump in share price once disinvestment announcement is made