IFCI is currently trading at Rs. 39.75, up by 1.60 points or 4.19% from its previous closing of Rs. 38.15 on the BSE.
The scrip opened at Rs. 38.45 and has touched a high and low of Rs. 39.75 and Rs. 37.80 respectively. So far 1380133 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 44.90 on 10-Jun-2014 and a 52 week low of Rs. 17.85 on 28-Aug-2013.
Last one week high and low of the scrip stood at Rs. 41.50 and Rs. 36.30 respectively. The current market cap of the company is Rs. 6390.53 crore.
The promoters holding in the company stood at 55.53% while Institutions and Non-Institutions held 18.13% and 26.33% respectively.
IFCI is contemplating to engage services of consultant in order to advise and manage the process of partial disinvestment of its stake in National Stock Exchange of India (NSE) and disinvestment of its entire stake in IFCI Financial Services. The company has invited bids for the same.
IFCI was established with intent to provide long-term finance needs of the industrial sector. 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.
