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IFCI Stock Surges 12.09%, Investors Optimistic

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IFCI‘s stock price experienced a significant surge today, closing at ₹69.62, up by 12.09% from the previous day’s closing rate. The market buzzed with optimism as the stock market opened with IFCI trading at ₹61.98, only to close higher at ₹61.58 after reaching a high of ₹63.17 during the day.

The market capitalization of IFCI currently stands at ₹16,233.01 crore, reflecting a notable 52-week trading range for the stock—reaching a high of ₹71.7 and a low of ₹12.28. This bullish trend in IFCI shares outperformed its peers in the market, as both the Nifty and Sensex also showed gains of 0.69% and 0.98%, respectively.

Among other key players in the market on this trading day, Aptus Value Housing Finance India and Canfin Homes saw a decline in their stock prices, while Manappuram Finance and Aavas Financiers witnessed an increase in their trading values.

Technical analysis has indicated a bullish trend for IFCI in both the short and long term, affirming investor confidence in the stock’s potential. Traders and investors kept a keen eye on the stock as it showed strength in overcoming key resistances.

Rachel Adams

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