IFCI advances after making partial disinvestment in NSE

IFCI rose 1.43% to Rs 24.85 at 10:35 IST on BSE after the company made partial disinvestment of 1.50 lakh shares at Rs 3950 per share of National Stock Exchange of India.

The announcement was made after trading hours yesterday, 4 April 2016.

Meanwhile, the BSE Sensex was down 133.15 points or 0.52% to 25,266.50

On BSE, so far 4.33 lakh shares were traded in the counter, compared with an average volume of 10.61 lakh shares in the past one quarter. The stock hit a high of Rs 25.15 and a low of Rs 24.80 so far during the day. The stock hit a 52-week high of Rs 37.15 on 15 April 2015. The stock hit a 52-week low of Rs 17.55 on 25 August 2015. The stock had outperformed the market over the past one month till 4 April 2016, gaining 4.93% compared with Sensex's 3.06% rise. The scrip had, however, underperformed the market in past one quarter, falling 10.09% as against Sensex's 0.87% fall.

The mid-cap company has an equity capital of Rs 1662.04 crore. Face value per share is Rs 10.

IFCI's net profit rose 15.4% to Rs 154.33 crore on 11.6% rise in total income to Rs 947.15 crore in Q3 December 2015 over Q3 December 2014.

IFCI is a financial institution catering to the long-term finance needs of the industrial sector.

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