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IFCI strikes all-time high
IFCI surged 12.58% to Rs 106.50 on reports International Finance Corporation will pick up stake in the term lending institution. On BSE, 4.17 crore shares of the scrip were traded. The stock had an average daily volume of 1.17 crore shares on BSE in past one quarter. The scrip had touched a high of Rs 109.85, an all time high for the counter on BSE. Its low for the day so far is at Rs 96.50. The stock had hit a 52-week low of Rs 10.29 on 12 December 2006. The scrip outperformed the market over the past one month till 30 November 2007, rising 5.17% compared to the Sensex's decline of 1.83%. It also outperformed the market in the past one quarter, surging 52.83% compared to Sensex's rise of 26.40%. The term-lending institution has an equity capital of Rs 639.99 crore. Face value per share is Rs 10. Life Insurance Corporation of India is the single largest shareholder in the company with 8.40% stake (as at end September 2007). International Finance Corporation (...
40 stocks that benifit from the budget
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