Infrastructure Play….. IDFC… CMP:172

Hi Friends….

There is one stock that I love to hold in my portfolio for long term…. Looking at its plan to expansions that will happen shortly one could resist to buy and hold it….. That is IDFC…. Infrastructure Development and Finance Company… CMP: 172… Yes it’s a Infrastructure Play…..

I am a great believer that infrastructure plays a major role in giving a booster dose to any economy… IDFC is one such company which will play a major role in supporting various infra projects all across the country…. IDFC has already approved financial assistance to more than 375 projects aggregating over 4,00,000 million. It has also broadened its initial focus on power, roads, ports and telecommunications to a framework of energy, telecommunications & Information technology, intergrated transportation, urban infrastructure, health care, food & agri-business infrastructure, Education Infrastructure & Tourism. In its sectors of engagements, IDFC has been awarded lead arranger mandates and key advisory assignments.

Only 9.6% of shares are with public, this is a big positive…. Very Well Known for his visionary business decisions from last two decades Mr Deepak Parekh leads IDFC as Chairman…..

IDFC to bring global partner aboard for AMC.. a news in economictimes….

“Infrastructure Development Finance Corporation (IDFC) plans to rope in a global fund manager as a strategic partner in its asset management arm , potentially looking to bolster the business at a time of turmoil in the mutual fund industry . IDFC's executive director Vikram Limaye told ET the firm was looking at a strategic partnership “to either manage the fund or advise foreign flow of funds into the Indian equity market”. He declined to give details……What I am looking is IDFC Can Divest some stake to an overseas fund manager…..this is my assumption only.. i may be wrong here... lets see how things will unwind in coming days......

IDFC acquired the asset management company in March 2008 from Standard Chartered Bank for $205 million (or Rs 820 crore). The AMC runs 68 mutual fund schemes and manages assets worth Rs 27,100 crore…. IDFC has already started discussions with a leading global investment bank to run the process of roping in the strategic partner…

Q4 results was declared in April 2010 … Net Profit up 88 % to Rs. 278 crores … latest investments like taking huge stake in Orbis Capital, investments in GKEL, Also in Suzlon arm ….. Are big big positive news for this company…..

There were some block deals as well in last few days… ….

There is lot more to write on this stock…. This stock is looking excellent to me if considered for long term….. ………Some other stocks to be looked are SREI Finance, IDBI(A Dark Horse)…. I will write on them very shortly………

Self evaluation and proper care should be taken before investing….