Updated 29 May 2025 at 12:34 IST
Shares of IFCI Limited were trading at Rs 71.90 around 11:45 am on Thursday, May 29, up by Rs 1.72 or 2.45% from the previous close of Rs 70.18. The stock opened at Rs 71.02 and touched an intraday high of Rs 74.50 and a low of Rs 70.51.
This marks the fifth straight day of gains for IFCI, continuing a strong upward trend that has seen the stock rise in eight of the last ten trading sessions. The rally comes after the company reported strong quarterly results, drawing investor interest.
IFCI, a government-owned NBFC established in 1948, provides long-term financing to sectors like manufacturing, infrastructure, and services.
Over the past 52 weeks, its share price has moved between Rs 35.67 and Rs 91.39. With a market capitalisation of Rs 18,908 crore, it is part of the BSE 500 index.
The stock has delivered excellent returns—up 43.89% in the past week, 63.88% in one month, 550.32% over two years, 655.63% over three years, and an impressive 1419.24% over five years—making it a notable multibagger.
For the quarter ending March 2025, IFCI’s net profit rose 70.46% to Rs 227.28 crore compared to Rs 133.33 crore in the same period last year. However, sales declined by nearly 32% to Rs 413.61 crore from Rs 605.42 crore a year ago.
For the full fiscal year ending March 2025, the company posted a net profit of Rs 171.04 crore, up 65% from Rs 103.66 crore the previous year. Sales for the year declined slightly by 5.56% to Rs 1,876.10 crore from Rs 1,986.58 crore in FY24.
According to Trendlyne, IFCI has a durability score of 50, indicating medium financial strength. The stock’s valuation score of 17 suggests it is currently expensive based on price-to-earnings (P/E) and price-to-book (P/BV) ratios.
With a P/E ratio of 110.8, the stock is in the "P/E Sell Zone," meaning it has traded above this valuation level for most of its history, and investors should be cautious.
Osho Krishan, Chief Manager of Technical and Derivative Research at Angel One, notes that IFCI’s 60% rise in May is supported by heavy volumes. The stock has crossed above its 200-day moving average, signaling a positive trend, with short-term averages showing bullish crossovers.
However, due to the sharp rally, profit-taking may occur soon. Key support levels are around Rs 60-62 and Rs 55-58, while resistance is expected between Rs 70-75.
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Published 28 May 2025 at 18:24 IST