IFCI rose 2.60% to Rs 27.60 at 12:25 IST on BSE after the company said it sold partial stake in National Stock Exchange of about 0.17%, worth Rs 29.63 crore.
The announcement was made during trading hours today, 30 December 2015.
Meanwhile, the BSE Sensex was almost flat at 26,078.81.
On BSE, so far 10.30 lakh shares were traded in the counter, compared with an average volume of 16.99 lakh shares in the past one quarter.
The stock hit a high of Rs 28.10 and a low of Rs 26.90 so far during the day. The stock hit a 52-week high of Rs 41.55 on 2 February 2015. The stock hit a 52-week low of Rs 17.55 on 25 August 2015.
The stock had outperformed the market over the past one month till 29 December 2015, rising 0.19% compared with 0.19% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 23.96% as against Sensex's 1.17% rise.
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The mid-cap company has an equity capital of Rs 1662.04 crore. Face value per share is Rs 10.
IFCI said it made partial disinvestment of 75,000 equity shares, or approximately 0.17% stake, in National Stock Exchange (NSE) today, 30 December 2015, to a certain buyer at Rs 3,950 per share, aggregating to Rs 29.63 crore.
As on 30 September 2015, IFCI held 18.22 lakh shares, or 4.05% stake, in NSE.
Net profit of IFCI rose 5% to Rs 182.61 crore on 28.6% rise in operating income to Rs 1115.33 crore in Q2 September 2015 over Q2 September 2014.
IFCI is a financial institution catering to the long-term finance needs of the industrial sector.
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