In the past two trading days, IFCI's stock price corrected 16% from its 52-week high amid profit booking after the NSE filed the DRHP for its long-awaited IPO.
IFCI has indirect exposure to NSE through its 52.8% stake in Stock Holding Corporation of India Ltd (SHCIL). SHCIL owns a 4.4% stake in the stock exchange, which is preparing to list its shares.
IFCI's share price hit a 22-month high at ₹84.63, soaring 20 per cent on the BSE in Friday's intra-day trade.
The average trading volumes at the IFCI counter jumped over six-fold, with a combined 319.56 million equity shares changing hands on the NSE and BSE till 03:13 PM on Wednesday.
The Indian equity market was trading sharply higher, driven by hopes of de-escalation in the war between US-Israel and Iran
IFCI share price today: IFCI shares zoomed as much as 11 per cent in trade today after the NSE appointed a record 20 merchant bankers for its long-awaited IPO
IFCI share price rose amid news that the National Stock Exchange's (NSE's) initial public offer may soon get an approval from the market regulator
IFCI has monetised its 40 per cent equity stake (comprising 1,00,00,000 equity shares with a cost of ₹10 crore) in North Eastern Development Finance Corporation Ltd. (NEDFi)