IFCI rose 1.14% to Rs 35.35 at 10:46 IST on BSE, with the stock recovering on bargain hunting after Friday's steep 8.02% slide.
Meanwhile, the S&P BSE Sensex was down 29.63 points or 0.12% at 24,994.72.
On BSE, so far 6.76 lakh shares were traded in the counter as against average daily volume of 26.86 lakh shares in the past one quarter.
The stock was volatile. The stock rose as much as 2.71% at the day's high of Rs 35.90 so far during the day. The stock lost as much as 2% at the day's low of Rs 34.25 so far during the day. The stock hit a 52-week high of Rs 44.90 on 10 June 2014. The stock hit a 52-week low of Rs 17.85 on 28 August 2013.
The stock had underperformed the market over the past one month till 11 July 2014, sliding 14.55% compared with Sensex's 1.76% fall. The scrip had, however, outperformed the market in past one quarter, jumping 34.42% as against Sensex's 10.59% rise.
The mid-cap company has equity capital of Rs 1662.04 crore. Face value per share is Rs 10.
Shares of IFCI had slumped 8.02% to settle at Rs 34.95 on Friday, 11 July 2014.
IFCI's net profit rose 13.6% to Rs 170.29 crore on 12.8% growth in total income to Rs 829.72 crore in Q4 March 2014 over Q4 March 2013.
IFCI's activities include project financing, infrastructure development, debt and equity underwriting & syndication, venture capital, stock broking & merchant banking, factoring, asset reconstruction, tourism finance, corporate and infrastructure advisory, technical consultancy and management education.
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