IDFC gained 4.47% to Rs 51.40 at 14:15 IST on BSE after a bulk deal of 12.02 lakh shares was executed in the scrip at Rs 50.50 per share at 13:00 IST on BSE.
Meanwhile, the S&P BSE Sensex was down 94.87 points or 0.35% at 26,668.59
The bulk deal boosted volume in the counter. On BSE, so far 22.75 lakh shares were traded in the counter as against average daily volume of 7.36 lakh shares in the past one quarter. The stock hit a high of Rs 51.95 and a low of Rs 49.05 so far during the day. The stock had hit a 52-week low of Rs 34.80 on 12 February 2016. The stock had hit a 52-week high of Rs 80.16 on 24 July 2015. The stock had underperformed the market over the past one month till 9 June 2016, rising 2.82% compared with Sensex's 4.18% rise. The scrip, however, outperformed the market in past one quarter, gaining 24.4% as against Sensex's 7.94% rise.
The mid-cap company has equity capital of Rs 1595.94 crore. Face value per share is Rs 10.
Post the demerger and transfer of the financing undertaking to IDFC Bank with effect from 1 October 2015, IDFC is mainly an investment company with minimal operations.
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