IFCI is currently trading at Rs. 35.05, up by 0.70 points or 2.04% from its previous closing of Rs. 34.35 on the BSE.
The scrip opened at Rs. 34.85 and has touched a high and low of Rs. 35.35 and Rs. 34.80 respectively. So far 528289 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. 21.40 on 30-Sep-2013.
Last one week high and low of the scrip stood at Rs. 35.35 and Rs. 32.00 respectively. The current market cap of the company is Rs. 5817.13 crore.
The promoters holding in the company stood at 55.53% while Institutions and Non-Institutions held 20.57% and 23.90% respectively.
IFCI is planning to raise upto Rs 2,000 crore through bonds with over 10-year maturity to finance medium and long term projects. The company has been incrementally raising funds mostly from banks at base rate plus spread of around 25 basis points while share of low cost capital market borrowings in incremental funding has been low.
The company has already received board’s approval for issuing non-convertible bonds and ground work for the proposed bond offering is underway.
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.
| Company Name | CMP |
|---|---|
| Power Finance Corp | 464.85 |
| REC | 373.35 |
| Indian Railway Fin. | 104.85 |
| NHIT | 151.00 |
| Satin Creditcare | 174.75 |
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