TFCI: No need to panic

Due severe fall in market for 2 consecutive days, TFCI too has come down. However we advise our investors not to panic. We are confident that bidding for TFCI stake should be at 200+. Today is last date for bidding and winner should be announced in next few days.

*Fundamentally also, co on strong ground and Undervalued. In the past we have seen that management change brings revolution in fortunes of the co. Kishor Biyani exited Capital First at 150. Now stock is 5x.  Hindustan Zinc after changing hands to Vedanta group is 200x. Govt proposing hardly 10% sale in BEML to private investors and stock has zoomed from 900 although no concrete plan still about 10% stake sale*
Under this govt, TFCI will be first co to be fully privatised. *TFCI can be another Capital First*