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The Economic Times

Business

Veer Sharma

IFCI shares slide 7% after stellar 30% monthly surge amid NSE IPO buzz

NSE IFCI IPO SEBI Veer Sharma India National Stock Exchange

Shares of IFCI fell as much as 7% to a day’s low of Rs 95.3 on the BSE on Tuesday as investors booked profits following a sharp rally in recent sessions. The decline snapped the stock’s two-day winning streak, while the stock surged nearly 30% over the past month.

The recent uptick comes after the much-awaited IPO of the National Stock Exchange (NSE) received market regulator Sebi’s approval, clearing a key hurdle to become India’s second listed stock exchange.

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