The company expects improvement in the asset portfolio quality as well as cash flow of the company, due to various strategic initiatives including measures for recovery were initiated during FY20
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IFCI|Buzzing stocks|Markets
SI Reporter | Mumbai
Last Updated at December 10, 2020 15:29 IST
Shares of IFCI hit a 52-week high at Rs 10.75 on Thursday after rising 15 per cent on the BSE on the back of heavy volumes. The trading volumes on the counter more-than-doubled with a combined around 40 million equity shares changing hands on the NSE and BSE, till 03:16 pm.
Since November 25, in the past 10 trading days, the state-owned financial institutions’ stock price has rallied 73 per cent after the company said it expects improvem…
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