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The latest update is out from IFCI Limited ( (IN:IFCI) ).
IFCI Limited has clarified to the National Stock Exchange of India that it is not aware of any undisclosed information or specific corporate event that would explain the recent significant increase in trading volume and price movement of its shares. The company stated that there is no material development in its possession that could be influencing the market activity in its security, a disclosure aimed at safeguarding investor interests and ensuring transparency amid heightened trading in the stock.
More about IFCI Limited
IFCI Limited, a Government of India undertaking, operates in the financial services sector as a development finance institution, supporting industrial and infrastructure development in the country since 1948. Headquartered in New Delhi, the company focuses on providing finance and related services to promote national economic growth.
Average Trading Volume: 1,148,543
Technical Sentiment Signal: Strong Buy
Current Market Cap: 132B INR
Find detailed analytics on IFCI stock on TipRanks’ Stock Analysis page.