IFCI share jumped 15.15% on 28th May 2025, closing at INR 70.31 compared to the previous day’s closing price of INR 61.01. This marks a notable rise and puts the stock at its highest level this year.
Key Facts
Here are some key facts:
- The stock has seen a strong recovery, climbing 74% in just 13 trading sessions, from INR 39.19 on 9th May to its current level.
- In the last week alone, IFCI shares have risen by nearly 39.45%.
- Trading volumes have now doubled, with over 121 million shares changing hands. This indicates high investor interest.
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Reason Behind the Jump
Here are some reasons why the IFCI share jumped:
- The main reason behind this sharp rise is the company’s strong quarterly results. IFCI reported a net profit of INR 2.2 billion (70.46% increase) compared to the previous period.
- There is no specific event or undisclosed information behind the price movement, as confirmed by IFCI. In fact, the company clarified that the recent surge is market-driven.
- Investors are also optimistic due to a reduction in the company’s Non-Performing Assets in the March 2025 quarter. The gross NPA level has declined, as IFCI has not issued any new loans, thereby improving its asset quality.
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