IFCI touches 52-week high
Shital Jibhe / 31 Jan 2017
IFCI reacted to the speculation of its merger with IIFCL, but there were no clear indications regarding the same. The exchange has sought clarification on the same from the company.
IFCI is having a good hair day on D-Street, with the stock touching its new 52-week high of Rs 32.10.
IFCI reacted to the speculation of its merger with IIFCL, but there were no clear indications regarding the same. The exchange has sought clarification on the same from the company.
In the last one year, the stock has given a return of 40.36 per cent and outperformed the S&P BSE Mid-cap index.
IFCI, a government-owned entity, is a development bank that provides financial assistance to the industrial sector.
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