IFCI Shares Rally 74% in 13 Trading Sessions — Know Key Reasons
Shares of IFCI hit five-month high in today’s trading session, soaring 11% to ₹68 on the BSE. About 121 million equity shares changed hands on the exchanges, equalling 4% of the total equity.
IFCI Shares Rally 74% in 13 Trading Sessions — Know Key Reasons
Shares of IFCI hit five-month high in today’s trading session, soaring 11% to ₹68 on the BSE. About 121 million equity shares changed hands on the exchanges, equalling 4% of the total equity.
During the past 13 trading sessions, IFCI shares jumped by 74% from ₹39.19 on May 9, 2025. As of March 31, 2025, the government of India holds 72.57% in IFCI.
Reasons behind stock’s rally
As per an exchange filing, the company said that movement in shares is completely driven by market forces. This behaviour does not exhibit any connection with the company.
“There is no event, information or announcement, which, in our opinion, has a bearing on the price /volume behaviour of the Company's securities and is not disclosed to the Exchanges,” IFCI said on clarification on increase in volume.
Shares of IFCI Ltd closed at ₹70.55, up 15.44%.
About
Founded in 1948, Industrial Finance Corporation of India (IFCI) is a developmental financial institution that facilitates long-term financial assistance to industries across various sectors.
