 "Once again, IFCI is in the eye of a storm")
Shares of IFCI hit an over 13-year high of Rs 65.28, freezing at 5 per cent upper circuit on the BSE on Tuesday at 02:07 PM, with only buyers being seen on the counter. As many as 43.5 million shares of IFCI have changed hands and there are pending buy orders for 2.12 million shares on the NSE and BSE, data shows.
In the past three weeks, the stock of the state-owned financial institution has more-than-doubled, zooming 108 per cent from a level of Rs 31.42 on January 16. It has skyrocketed 623 per cent from its 52-week low price of
