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The Economic Times
The Economic Times
Debaroti Adhikary

NSE IPO coming soon? IFCI shares rally 20% to fresh 52-week high. Here’s why the listing buzz is driving stock

NSE IFCI IPO SHCIL SEBI the National Stock Exchange the Economic Times

Shares of IFCI sharply rallied 20% to hit a fresh record high on Friday, with the stock being on track to record its biggest single-day surge in nearly two years, amid rising expectations of the National Stock Exchange (NSE) soon filing its draft IPO papers with market regulator SEBI.

IFCI shares hit a new 52-week high of Rs 84.57 apiece as they remained locked in the 20% upper circuit. The sharp gains today added nearly Rs 3,800 crore to the total market capitalisation of IFCI, pulling it up to nearly Rs 22,786 crore.

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