IFCI is currently trading at Rs. 42.15, up by 0.70 points or 1.69% from its previous closing of Rs. 41.45 on the BSE.
The scrip opened at Rs. 41.70 and has touched a high and low of Rs. 42.60 and Rs. 41.70 respectively. So far 9,47,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 57.10 on 18-Apr-2011 and a 52 week low of Rs. 19.65 on 20-Dec-2011.
Last one week high and low of the scrip stood at Rs. 42.90 and Rs. 39.25 respectively. The current market cap of the company is Rs. 3,109.00 crore.
The Institutions and Non-Institutions hold 39.65% and 60.35% respectively.
IFCI’s wholly owned subsidiary - IFCI Infrastructure Development (IIDL) will be developing India’s first financial city in Bengaluru. The foundation stone of IFCI Financial City was laid by the Union Finance Minister at Hardware Park, Bagalur Road in Bengaluru on April 08, 2012.
The Government of Karnataka has allotted 50 acres of land, near Bengaluru airport to IIDL for this prestigious project, which is to be completed in three years time. IIDL is developing premium urban infrastructure at the site in association with leading banks and institutions. The project is being developed to serve as a model for regional financial centers across the country.
IFCI Financial City is spread over 50 acres of land at the Hardware Park. The layout of the Financial City is based on Zen geomancy concept with effective circulation and activity patterns.
IFCI was established with an intention to provide long-term finance needs of the industrial sector. It got listed in the year 1993 changed its status from statutory corporation to a company. It founded and developed various institutions namely ICRA for credit assessment rating, Tourism Finance Corporation of India (TFCI) for promotion of the hospitality industry, among others.
| Company Name | CMP |
|---|---|
| Power Finance Corp | 503.55 |
| REC | 521.60 |
| Indian Railway Finance | 175.15 |
| Satin Creditcare | 234.40 |
| MAS Financial Serv | 312.00 |
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MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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