IFCI Share Price Update: 19 March 2024 šš
IFCI Limited is making waves in the stock market with its impressive performance. In the past four years, the company’s stock has seen a tremendous growth, providing investors with significant returns.
Back in March 2020, the price of one share of the company was just ā¹4. Fast forward to today, and that same share is now trading at ā¹39, marking an increase of 875% for short-term investors. For example, if an investor bought ā¹10,000 worth of shares in March 2020, their investment would now be worth ā¹97,500.
As of Tuesday (19 March 2024), the share was trading at ā¹37.9 with a 1.81% decrease.
IFCI Limited operates in the non-banking financial sector, providing services related to energy, renewable energy, telecommunications, roads, oil and gas, ports, airports, and more. The company also offers stock broking services to its customers.
Over the past year, the company’s share price has surged by 278%. This year alone, the share price has witnessed a rapid increase of 34%. However, it is still 46% below its 52-week high of ā¹71.70 per share and 408% above its 52-week low of ā¹9.03.
March hasn’t been the most exciting month for the company’s investors, with a 12.6% decrease in the share price. In February, the company provided a return of 19.26% to short-term investors, while January saw a 5.3% increase.
In the December quarter, the company reported a loss of ā¹10 crores, while it earned a net profit of ā¹83.7 crores in the September quarter. The revenue in the December quarter stood at ā¹214.70 crores.
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.
