IFCI Ltd. Shows Short-Term Reversal Amid Long-Term Downward Trend in NBFC Sector

Jan 14 2025 11:35 AM IST
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IFCI Ltd., a midcap finance and NBFC company, experienced a notable gain on January 14, 2025, reversing a four-day decline. Despite this uptick, the stock remains below key moving averages, and its monthly performance shows a decline, contrasting with the broader market trends.
IFCI Ltd., a midcap player in the finance and non-banking financial company (NBFC) sector, saw a significant gain of 7.35% on January 14, 2025, outperforming its sector by 2.27%. The stock reached an intraday high of Rs 53.9, reflecting a 4.8% increase during the trading session. This uptick marks a trend reversal after four consecutive days of declining prices.

Despite this recent performance, IFCI is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a longer-term downward trend. In the context of the broader market, IFCI's one-day performance of 6.12% significantly outpaced the Sensex, which recorded a modest gain of 0.51%. However, over the past month, IFCI has experienced a decline of 14.76%, while the Sensex has decreased by 6.59%. On the same day, the finance/NBFC sector overall gained by 2.36%.
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