IDFC fell 1.05% to Rs 146.40 at 9:16 IST on BSE as shares issued by the company to institutional investors recently are admitted for trading on the bourses today, 22 September 2014.
Meanwhile, the BSE Sensex was down 160.21 points, or 0.59%, to 26,930.21.
On BSE, so far 48,000 shares were traded in the counter, compared with an average volume of 14.17 lakh shares in the past one quarter.
The stock hit a high of Rs 147 and a low of Rs 146.15 so far during the day. The stock hit a 52-week high of Rs 166.70 on 21 July 2014. The stock hit a 52-week low of Rs 86.35 on 30 September 2013.
The stock had underperformed the market over the past one month till 19 September 2014, falling 2.70% compared with 2.53% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 14.29% as against Sensex's 7.49% rise.
The large-cap company has an equity capital of Rs 1590.14 crore. Face value per share is Rs 10.
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A total of 7.30 crore shares will be admitted for trading. IDFC had on 16 September 2014 said that it had allotted 7.30 crore shares to Qualified Institutional Buyers (QIBs) at an issue price of Rs 137 per share. The stock had risen 0.37% to settle at Rs 147.95 on Friday, 19 September 2014, on BSE. The company had raised Rs 1000.10 crore from the sale of shares to QIBs.
IDFC's consolidated net profit fell 13.55% to Rs 481.74 crore on 7.63% fall in total income from operations to Rs 2122.52 crore in Q1 June 2014 over Q1 June 2013.
IDFC is India's leading integrated infrastructure finance player providing end to end infrastructure financing and project implementation services.
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