Stock Below Rs 100: President of India Stock Gains Rs 1,859 Crore in a Day as Share Price Jumps 13% To Biggest Gains Since January 12

On Wednesday, Indian equity benchmarks traded lower, with the benchmark Nifty 50 index declining 0.28 per cent to 23,417.40. Defying the broader market weakness, IFCI share price surged 12.75 per cent to Rs 80.83. The rally marked the stock's strongest level since January 12, 2026, and brought it close to its 52-week high of Rs 81.63.

Trading activity remained strong, with 171.9 lakh shares changing hands during the session against a 20-day average traded volume of 31.8 lakh shares, indicating significantly higher investor participation.

Share Price Performance

The sharp move comes amid sustained momentum in the counter over recent months. IFCI shares have gained 38.78 per cent in the last one month, adding Rs 22.70 per share. Over the past six months, the stock has risen 61.52 per cent, translating into a gain of Rs 30.93 per share. On a one-year basis, the stock has delivered returns of 23.40 per cent, adding Rs 15.40 per share.

At the current market price, IFCI commands a market capitalisation of Rs 21,627 crore. The stock has traded within a 52-week range of Rs 46.23 to Rs 81.63, and the latest rally has pushed it within touching distance of its yearly high.

The move also represents one of the strongest rallies witnessed in the stock during 2026, with June 3 marking its highest trading level since January 12, 2026.

President Of India Remains Largest Shareholder

According to the latest available shareholding pattern for the quarter ended March 2026, the President of India remains the largest shareholder in IFCI with a 72.57 per cent stake.

The holding represents 1,955,277,096 equity shares of the company. Foreign Institutional Investors (FIIs) held 2.65 per cent stake, while Domestic Institutional Investors (DIIs) owned 1.64 per cent at the end of the March 2026 quarter.

About IFCI 

IFCI Ltd is a government-backed financial institution engaged in providing financial assistance and advisory services to various sectors of the economy. Established in 1948, the company was India's first development financial institution and has played a role in financing industrial and infrastructure projects across the country.

The company offers a range of financial products and services, including project finance, corporate loans, structured finance, advisory services, and investment activities. IFCI also has interests across financial services and infrastructure-related businesses through its subsidiaries and associate entities.

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Disclaimer: The article is for informational purposes only and not investment advice.