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IFCI Stock Price Drops By 3.56% After Market Closure

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4 meses ago

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IFCI‘s stock price faced a 3.56% decline at the market closure, settling at ₹71.43 after a tumultuous trading day. The day opened with the stock prices at ₹77.51, oscillating throughout the day to hit a closing price of ₹75.64. The high for the day stood at ₹78.45, whereas the low dipped to ₹73.54.

The market capitalization for IFCI tallied up to ₹19,358.87 crore, showcasing a strong presence in the financial sector. Over the 52-week spectrum, the stock marked a high of ₹79 and a low of ₹12.5, demonstrating the volatility in the market.

Looking at the peer companies, the scenario was a mixture of success and challenges. IIFL Finance and Capri Global Capital were observed to be on a declining trajectory, while Creditaccess Grameen and Manappuram Finance showcased an upsurge in their stock value. This fluctuation in the market scene indicated the uncertainties amidst investors.

Despite the rollercoaster ride in stock prices, the benchmark indices Nifty and Sensex managed to maintain an overall upward trend. While Nifty rose by 0.76%, Sensex displayed a growth of 0.78%, providing a silver lining amidst the ups and downs.

Rachel Adams

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