The company has posted a net profit of Rs 15 crore for the quarter ended September 30, 2016 as compared to Rs 182.6 crore for the quarter ended September 30, 2015. Total Income has decreased from Rs 1121.9 crore for the quarter ended September 30, 2015 to Rs 809.3 crore for the quarter ended September 30, 2016.
Stock Commentary:
IFCI Ltd ended at Rs 23.95, down by Rs 0.5 or 2.04% from its previous closing of Rs 24.45 on the BSE.
The scrip opened at Rs 24.1 and touched a high and low of Rs 24.25 and Rs 23.6 respectively. A total of 2869164(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 3897.48 crore.
The BSE group 'A' stock of face value Rs 10 touched a 52 week high of Rs 30.85 on 23-Sep-2016 and a 52 week low of Rs 19.5 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs 24.8 and Rs 21.85 respectively.
The promoters holding in the company stood at 55.53 % while Institutions and Non-Institutions held 23.34 % and 21.12 % respectively.
The stock traded below its 100 DMA. If you want to more information regarding the Stock cash tips, Stock tips, Nifty tips, Commodity tips, Equity tips call @ 8370098946 or fill form http://equityresearchlab.com/Freetrial.php
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