3 Jun 2026, Wed

President of India is the largest owner of IFCI, stock increased by Rs 1859 crore in one day, share price jumped 13%

IFCI Share News: Indian equity benchmarks witnessed a decline on Wednesday, with the benchmark Nifty 50 index falling 0.28 per cent to close at 23,417.40. Despite the weakness in the broader market, the share price of Industrial Finance Corporation of India i.e. IFCI increased by 12.75 percent to Rs 80.83. The rally marked the stock’s strongest level since January 12, 2026 and took it close to its 52-week high of Rs 81.63.

Trading activity remained strong, with 171.9 lakh shares seen changing hands during the session, indicating significantly higher investor participation compared to the 20-day average traded volume of 31.8 lakh shares. This sharp rise comes amid continued momentum in share price performance in recent months. IFCI shares have gained 38.78 percent in the last one month, gaining Rs 22.70 per share.

Stock increased 61.52 percent in six months

The stock has gained 61.52 percent in the last six months, representing a gain of Rs 30.93 per share. On a one-year basis, the stock has given a return of 23.40 percent, adding up to Rs 15.40 per share.

Before the war, 136 ships used to leave every day, now the figure is 0, Modi’s minister told ABP the latest situation of Hormuz.

At the current market price, the market capitalization of IFCI is Rs 21,627 crore. The stock has traded in a 52-week range of Rs 46.23 to Rs 81.63, and the latest rally has taken it close to its yearly high. The move represents one of the strongest rallies seen in the stock during 2026, with its highest trading level on June 3 recorded since January 12, 2026.

The President of India remains the largest shareholder

As per the latest shareholding pattern available for the quarter ending March 2026, the President of India remains the largest shareholder in IFCI, with 72.57 per cent stake. This 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) held 1.64 per cent stake at the end of the March 2026 quarter.

About IFCI

IFCI Limited 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.

Foreign Bank FDs: More benefits than Indian banks, know which foreign banks are giving the highest interest on FDs

IFCI also has interests in financial services and infrastructure related businesses through its subsidiaries and affiliates. What are your views on IFCI’s sharp rally and its move towards a new 52-week high? Share your opinion in the comments below. Disclaimer: This article is for informational purposes only and is not investment advice.

Source link

By Admin

Leave a Reply

Your email address will not be published. Required fields are marked *