IFCI is currently trading at Rs. 37.80, up by 0.10 points or 0.27% from its previous closing of Rs. 37.70 on the BSE.
The scrip opened at Rs. 38.50 and has touched a high and low of Rs. 38.70 and Rs. 37.60 respectively. So far 827696 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. 21.80 on 04-Feb-2014.
Last one week high and low of the scrip stood at Rs. 37.90 and Rs. 34.95 respectively. The current market cap of the company is Rs. 6299.12 crore.
The promoters holding in the company stood at 55.53 % while Institutions and Non-Institutions held 21.09 % and 23.38 % respectively.
The Union Cabinet has approved the infusion of Rs 60 crore in Industrial Finance Corporation of India (IFCI) to make it a Government company by way of acquisition of preference shares from existing share holders.
The current shareholding of Government of India in IFCI after inclusion of the preference Share capital is 47.93%. Therefore, IFCI is not a Government Company under section 2(45) of the Companies Act, 2013. A contribution of Rs 60 crore to the capital of the company would raise the shareholding of the Government to 51%.
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 | 467.00 |
| REC | 536.40 |
| Indian Railway Finance | 186.40 |
| Satin Creditcare | 228.05 |
| MAS Financial Serv | 293.85 |
| View more.. | |
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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