IFCI shares rise 4% on partial stake sale in NSE

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).

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.