IFCI shares rise 4% on partial stake sale in NSE

IFCI shares rise 4% on partial stake sale in NSE

The stock hit its highest intra-day level since December 4 of Rs 28.10, up 4.46 per cent on the Bombay Stock Exchange (BSE).

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The scrip was among the top per centage gainers among BSE large-cap stocks. Photo: ReutersThe scrip was among the top per centage gainers among BSE large-cap stocks. Photo: Reuters
Reuters
  • Dec 30, 2015,
  • Updated Dec 30, 2015 4:10 PM IST

Shares of state-controlled lender IFCI rose over 4 per cent after the company sold partial stake in National Stock Exchange (NSE) of about 0.17 per cent, worth Rs 29.63 crore.  

The stock hit its highest intra-day level since December 4 of Rs 28.10, up 4.46 per cent on the Bombay Stock Exchange (BSE).

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The scrip was among the top per centage gainers among BSE large-cap stocks.

The stock closed 1.67 per cent up at Rs 27.35 apiece on Wednesday.

Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.

Shares of state-controlled lender IFCI rose over 4 per cent after the company sold partial stake in National Stock Exchange (NSE) of about 0.17 per cent, worth Rs 29.63 crore.  

The stock hit its highest intra-day level since December 4 of Rs 28.10, up 4.46 per cent on the Bombay Stock Exchange (BSE).

Advertisement

The scrip was among the top per centage gainers among BSE large-cap stocks.

The stock closed 1.67 per cent up at Rs 27.35 apiece on Wednesday.

Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
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