IFCI Share Price Target IFCI (Industrial Finance Corporation of India) was founded in 1948 as a statutory corporation and offers financial support for various projects including airports, roads, telecom, power, real estate, manufacturing, and services. It operates under the Ministry of Finance, Government of India, and is a publicly listed company on the NSE (National Stock Exchange) and BSE (Bombay Stock Exchange). Noteworthy projects funded by IFCI Limited include Adani Mundra Ports, GMR Goa International Airport, NRSS Transmission, and Salasar Highways. The share price of IFCI Ltd has shown a positive trend on the NSE over an extended period. This article will delve into the factors influencing IFCI Ltd’s share price on the NSE and its share price target in the coming years.
IFCI Share Price Target
IFCI Stock surged to its record high of Rs 101 in 2007 and is currently trading at Rs 65.40 with a market capitalization of INR 162.33 billion.
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On February 6th, the NSE IFCI stock hit a 13-year high, surpassing Rs 65.28 per share on BSE.
IFCI Limited recorded a 46.95% increase in net sales, rising from Rs 412.96 crores in September 2022 to Rs 606.84 crores in September 2023.
The IFCI EBITDA grew by 49.42% in September 2023 compared to September 2022.
However, the IFCI: NSE EPS dropped to Rs 0.39 in September 2023 from Rs 0.78 in September 2022.
IFCI’s Net Profit reached Rs 172.76 crores in September 2023, up from Rs 163.94 crores in September 2022.
