The shares of IFCI jumped another 2% to hit a fresh 52-week high on Tuesday, with the recent bull run pushing the stock nearly 30% higher in just three sessions amid rising expectations that the National Stock Exchange (NSE) will soon file its draft IPO papers with market regulator SEBI.
IFCI shares hit a new record high of Rs 91.49 apiece on the NSE today. The sharp surge over the three sessions has added more than Rs 5,660 crore to the company’s market capitalisation, pulling it up to more than Rs 24,650 crore.