Mutual funds favour IFCI

IFCI is in the eye of many biggies.Many MFs are accumulating this to get a big return in short term. Sterilite has wanted to buy it above 100.Its PE ratio is below 3. It is a turn around story.Now it is a good buy below Rs.40. Share sale @ Rs 75 can be expected when the market is up .Expect 50% return in 6 months.