/ IFCI Trades On 52-Week High ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Tuesday, 31 January 2017

IFCI, which was previously known as Industrial Finance Corporation of India is having a flourishing day on the Street, with the stock of the company trading on its new 52-week high of Rs 32.10; while the Sensex is still trading down by over 120 points.

The stock of IFCI has reacted to the speculation of its merger with IIFCL. However, there is no clear evidence on that end, and the exchange has sought clarification on the same from the company.

As per market statistics in the last one year, the stock has given a return of 40.36%, outperforming the S&P BSE Mid-cap index.

IFCI is a government owned entity, and is a development bank which caters to the financial needs of the industrial sector. IFCI Ltd is currently trading at Rs 31.2, up by Rs 1.25 or 4.17% from its previous closing of Rs 29.95 on the BSE.

The scrip opened at Rs 30 and has touched a high and low of Rs 32.1 and Rs 29.4 respectively. So far 38922220(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 4977.81 crore.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 30.85 on 27-Jan-2017 and a 52 week low of Rs 19.5 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs 30.85 and Rs 27.3 respectively.

The promoters holding in the company stood at 55.53 % while Institutions and Non-Institutions held 23.05 % and 21.41 % respectively. The stock is currently trading above its 200 DMA. 

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