Businesss Business:�Today 23rd September at 13:01 hrs IFCI shares are trading at ₹ 70.74, down -0.52% from its previous close. Sensex is trading at ₹ 84695.74, up 0.18%. The stock has touched a high of ₹ 71.58 and a low of ₹ 70.13 during the day.
On the technical front, the stock is trading above the 100,300 day SMA and below the 5,10,20,50 day SMA. The stock will find support at the 100,300 day SMA and face resistance at the 5,10,20,50 day SMA. The SMA values for the stock are given below:
Day Simple Moving Average
5 71.86
10 70.79
20 72.05
50 73.56
100 65.12
300 52.94
Classic pivot level analysis shows that on the daily time frame, the stock has key resistances at ₹73.41, ₹75.68, and ₹77.92, while it has key support levels at ₹68.9, ₹66.66, and ₹64.39.
As of 1 pm today, the volume traded on NSE and BSE for IFCI was -59.41% lower than the previous trading session. Along with price, volume traded is an important indicator to study the trend. Positive price movement with high volume suggests a sustainable uptrend, and negative price movement with high volume may indicate further decline in prices.
Overall, as per Mint technical analysis, after a strong uptrend, the stock is showing signs of a reversal.
From a fundamental analysis perspective, the company's ROE is 2.50%. The current P/E of the stock is at 124.24.
The company has 71.72% promoter holding, 1.86% MF holding and 2.40% FII holding, as per June quarter filings.
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