IFCI shares decline for second consecutive day after 5-day rally 

IFCI shares fell for the second straight trading session on Monday, retreating from a remarkable five-day rally that had pushed the stock price from ₹50 to ₹74.50. The state-owned non-banking financial company’s shares opened flat at ₹67.65 and traded in the red with a decline of 1.74 per cent to close at ₹68.59.

During intraday trading, IFCI shares hit a low of ₹66.12 and a high of ₹68.28. The stock witnessed significant trading activity with 3.64 crore shares changing hands, resulting in a traded value of ₹246.70 crore. Despite the recent correction, the shares continue to trade above all major moving averages including 5-day, 20-day, 50-day, 100-day and 200-day levels.

The recent volatility has drawn considerable investor attention, with the stock gaining over 35 per cent in five out of seven trading sessions. IFCI, which operates under the administrative control of the Ministry of Finance, has delivered exceptional returns across different time horizons. The stock has surged 60 per cent in the past month and generated positive returns of 16 per cent over the last year.

Long-term investors have been rewarded handsomely, with the stock zooming 403 per cent, 532 per cent and 894 per cent over two, three and five-year periods respectively. The company currently commands a market capitalization of ₹18,480.30 crore and is a constituent of the BSE 500 index.

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Published on June 2, 2025