IFCI trades in green on the bourses

IFCI is currently trading at Rs. 26.30, up by 0.05 points or 0.19% from its previous closing of Rs. 26.15 on the BSE.

The scrip opened at Rs. 26.20 and has touched a high and low of Rs. 26.65 and Rs. 25.95 respectively. So far 498851 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 30.45 on 25-Jul-2016 and a 52 week low of Rs. 17.55 on 25-Aug-2015.

Last one week high and low of the scrip stood at Rs. 28.55 and Rs. 26.05 respectively. The current market cap of the company is Rs. 4362.85 crore.

The promoters holding in the company stood at 55.53%, while Institutions and Non-Institutions held 22.63% and 21.84% respectively.

 IFCI has reduced its Benchmark Rate 'IFCI Benchmark Rate up to One Year (IBR-ST)' from 9.40% per annum to 9.30% per annum with monthly rests. This new IBR-ST will be applicable with effect from August 11, 2016.

IFCI is a non-banking financial company. It offers financial products in the segments such as debt and equity; corporate advisory services, infrastructure advisory services and monitoring of public issues; debenture trustee, the nodal agency for sugar development fund, credit guarantee scheme for scheduled caste and sale and resolution of non-performing asset (NPAs) services. The firm caters to the requirements of power, airport, urban infrastructure projects, ports and manufacturing industries