IFCI Share Price Skyrockets, Investors Reap Huge Profits!
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In a stunning turn of events, the share price of Industrial Finance Corporation of India (IFCI) has given investors a bumper profit. In just 10 months, the company has provided a whopping seven-fold return, with the share price soaring from Rs 9 to Rs 61. This surge in IFCI’s stock has left everyone amazed!
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IFCI’s share price has been on a remarkable upward trajectory, surprising market experts and investors alike. Over the past five days, the stock has delivered nearly 40% returns, hitting the upper circuit three times during this period. Today, the share opened at Rs 59.95, dipped to Rs 56.50, and then hit the upper circuit at Rs 61.05. The stock’s 52-week range is between Rs 9 and Rs 63.85.
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On Thursday (1st February 2024), IFCI’s share price experienced a 2.19% increase and traded at Rs 62.4. This surge in value has resulted in investors seeing their money grow fivefold in just one year. For those who invested Rs 1 lakh in IFCI’s shares a year ago, their investment has now grown to Rs 4.84 lakh, delivering an impressive return of 384.52%!
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IFCI has proven to be a stock that consistently increases in value. In the past three days alone, the stock has provided a return of over 15%. In the last seven days, it has delivered a staggering 52% return, and over the last 15 days, it has provided a remarkable 104% return. These numbers have attracted investors, with over 8,631,171 shares lined up for purchase on the NSE order book. However, there are currently no sellers in sight!
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With a market capitalization of Rs 100 crore, IFCI’s success story has caught the attention of foreign investors as well. Foreign institutional investors (FIIs) have increased their stake in the company from 1.87% to 2.08% in the December quarter. Domestic institutional investors (DIIs) have also raised their stake from 1.97% to 1.98%. Other investors hold 25.62% of the company’s shares, while promoters maintain a controlling stake of 70.32%.
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IFCI’s phenomenal share price growth has made investors rich in just a short span of time. The stock has delivered nearly 593% returns over the past three years and an impressive 348% returns over the past five years. This success has cemented IFCI’s position as a lucrative investment option, attracting both domestic and foreign investors.
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As the share price of IFCI continues to soar, it’s clear that this is just the beginning of an exciting journey for investors. With its consistent growth and promising future prospects, IFCI is proving to be a valuable addition to any investor’s portfolio. So, buckle up and join the ride to financial success with IFCI!
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Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
