Latest news with #IFCI
Business Standard
08-08-2025
- Business
- Business Standard
IFCI reports consolidated net profit of Rs 39.95 crore in the June 2025 quarter
Sales rise 5.00% to Rs 407.18 crore Net profit of IFCI reported to Rs 39.95 crore in the quarter ended June 2025 as against net loss of Rs 108.20 crore during the previous quarter ended June 2024. Sales rose 5.00% to Rs 407.18 crore in the quarter ended June 2025 as against Rs 387.80 crore during the previous quarter ended June 2024. Particulars Quarter Ended Jun. 2025 Jun. 2024 % Var. Sales 407.18387.80 5 OPM % 47.3045.81 - PBDT 125.9060.47 108 PBT 104.4640.40 159 NP 39.95-108.20 LP
Mint
24-07-2025
- Business
- Mint
Stocks to buy under ₹100: Experts recommend three shares to buy today — 24 July 2025
Stocks to buy under ₹ 100: Buoyed by favourable global cues following the announcement of the US-Japan trade deal, the key benchmark indices of the Indian stock market staged a strong rally on Wednesday. A risk-on sentiment prevailed across Asian markets, further supported by optimism surrounding the ongoing corporate earnings season. The Nifty 50 opened on a firm footing, exhibiting initial range-bound movement during the first hour of trade. However, the index witnessed upward momentum in the latter half, eventually settling near the day's high at 25,219.90, registering gains of 159 points or 0.63% on a closing basis. The broader markets posted a mixed performance, with the Nifty Midcap 100 advancing 0.34%, while the Small Cap index closed flat, indicating selective participation. On the sectoral front, the action was largely stock-specific. The Realty index underperformed, shedding 2.6%, followed by the Media (-0.9%) and FMCG (-0.5%) indices. In contrast, Auto, Metal, Oil & Gas, Consumer Durables, Pharma, Private Banks, PSU Banks, and Telecom sectors clocked modest gains from 0.5% to 1%, reflecting a rotational buying trend across cyclicals and rate-sensitive sectors. On the outlook of the Indian stock market today, Siddhartha Khemka, Head of Research — Wealth Management at Motilal Oswal, said, "Looking ahead, investors will track key global macroeconomic data due Thursday, including US initial jobless claims, the ECB's interest rate decision, and US Composite and Services PMI. Domestically, focus will remain on corporate earnings, with key results from SBI Life, REC, UTI AMC, Aditya Birla Sun Life AMC, and V-Mart. We expect stock-specific action to persist as earnings remain the key driver for near-term market direction." Speaking on the outlook of the Nifty 50 today, Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, said, "The underlying short-term trend of the Nifty 50 index seems to have turned positive amidst range-bound action. A decisive move above the 25,250 levels could open the next upside target of 25,550 soon. Immediate support for Nifty today is placed at 25,100." Asked about the outlook of the Bank Nifty today, Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher, said, "The Bank Nifty index, once again, picked up momentum, resisting near the 57,300 zone, which needs to be breached above and can expect to make new highs in the coming days, with higher targets of 58,500 and 60,000 levels achievable. The overall bias and sentiment have improved with the heavyweight banking stocks technically looking good and can carry on with the positive move further ahead." Regarding stocks to buy today, market experts Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher; Sugandha Sachdeva, Founder of SS WealthStreet; and Anshul Jain, Head of Research at Lakshmishree Investment, recommended three intraday stocks under ₹ 100: IFCI, HMT, and Andhra Sugars. 1] IFCI: Buy at ₹ 61.70, Target ₹ 65, Stop Loss ₹ 60. 2] HMT: Buy at ₹ 62.70, Targets ₹ 65, ₹ 67.50, Stop Loss ₹ 60.90. 3] Andhra Sugars: Buy at ₹ 83.30, Target ₹ 87.50, Stop Loss ₹ 80.
Mint
24-07-2025
- Business
- Mint
Stocks to buy under ₹100: Experts recommend three shares to buy today — 24 July 2025
Stocks to buy under ₹ 100: Buoyed by favourable global cues following the announcement of the US-Japan trade deal, the key benchmark indices of the Indian stock market staged a strong rally on Wednesday. A risk-on sentiment prevailed across Asian markets, further supported by optimism surrounding the ongoing corporate earnings season. The Nifty 50 opened on a firm footing, exhibiting initial range-bound movement during the first hour of trade. However, the index witnessed upward momentum in the latter half, eventually settling near the day's high at 25,219.90, registering gains of 159 points or 0.63% on a closing basis. The broader markets posted a mixed performance, with the Nifty Midcap 100 advancing 0.34%, while the Small Cap index closed flat, indicating selective participation. On the sectoral front, the action was largely stock-specific. The Realty index underperformed, shedding 2.6%, followed by the Media (-0.9%) and FMCG (-0.5%) indices. In contrast, Auto, Metal, Oil & Gas, Consumer Durables, Pharma, Private Banks, PSU Banks, and Telecom sectors clocked modest gains from 0.5% to 1%, reflecting a rotational buying trend across cyclicals and rate-sensitive sectors. On the outlook of the Indian stock market today, Siddhartha Khemka, Head of Research — Wealth Management at Motilal Oswal, said, "Looking ahead, investors will track key global macroeconomic data due Thursday, including US initial jobless claims, the ECB's interest rate decision, and US Composite and Services PMI. Domestically, focus will remain on corporate earnings, with key results from SBI Life, REC, UTI AMC, Aditya Birla Sun Life AMC, and V-Mart. We expect stock-specific action to persist as earnings remain the key driver for near-term market direction." Speaking on the outlook of the Nifty 50 today, Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, said, "The underlying short-term trend of the Nifty 50 index seems to have turned positive amidst range-bound action. A decisive move above the 25,250 levels could open the next upside target of 25,550 soon. Immediate support for Nifty today is placed at 25,100." Asked about the outlook of the Bank Nifty today, Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher, said, "The Bank Nifty index, once again, picked up momentum, resisting near the 57,300 zone, which needs to be breached above and can expect to make new highs in the coming days, with higher targets of 58,500 and 60,000 levels achievable. The overall bias and sentiment have improved with the heavyweight banking stocks technically looking good and can carry on with the positive move further ahead." Regarding stocks to buy today, market experts Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher; Sugandha Sachdeva, Founder of SS WealthStreet; and Anshul Jain, Head of Research at Lakshmishree Investment, recommended three intraday stocks under ₹ 100: IFCI, HMT, and Andhra Sugars. 1] IFCI: Buy at ₹ 61.70, Target ₹ 65, Stop Loss ₹ 60. 2] HMT: Buy at ₹ 62.70, Targets ₹ 65, ₹ 67.50, Stop Loss ₹ 60.90. 3] Andhra Sugars: Buy at ₹ 83.30, Target ₹ 87.50, Stop Loss ₹ 80. Disclaimer: The views and recommendations made above are those of individual analysts or brokerage companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
14-07-2025
- Business
- Time of India
IFCI seeks government nod for consolidation of group companies
State-owned IFCI on Monday sought the government's go-ahead for the consolidation of its various group entities, including the broking business. IFCI Limited (the consolidated entity) also proposed to remain as an NBFC (Non-Banking Financial Company). In a regulatory filing on Monday, the company informed that its board has recommended to the Government of India for approval of the Group Consolidation in two stages. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Join new Free to Play WWII MMO War Thunder War Thunder Play Now Undo Based on the in-principle approval received from the Government of India to consider 'Consolidation of IFCI Group' dated November 22, 2024, which entailed merger/ amalgamation of IFCI and StockHolding Corporation of India and other group companies of IFCI, the company had appointed a Transaction Advisor for carrying out the consolidation process. As per the evaluation of the Transaction Advisor, the Board of IFCI Limited at its meeting held on Monday has recommended to the Government of India for approval of the Group Consolidation, IFCI said. Live Events Under the consolidation at the company level (Merger 1), the company has proposed the consolidation of StockHolding Corporation, IFCI Factors, IFCI Infrastructure Development and IIDL Realtors with IFCI Limited, the listed entity. "IFCI Limited (the consolidated entity) is proposed to remain as an NBFC and will continue to explore opportunities in custodial services, e-stamping, advisory, etc., along with lending," the filing said. The company has also sought approval for the consolidation of StockHolding Services, IFCI Financial Services Limited, IFIN Commodities Limited, IFIN Credit Limited and IFIN Securities Finance Limited into a single entity, which will be a direct subsidiary of IFCI Limited, i.e. the consolidated listed entity (Merger 2). It has also proposed that other group entities may continue as direct subsidiaries of the company. "The Board further recommended divestment of IFCI's shareholding in MPCON Limited, a direct subsidiary of IFCI Limited, to the Government of India for approval," the filing said. IFCI said the consolidation and divestment are subject to the applicable regulatory/statutory approvals and applicable laws, rules, regulations, guidelines, framework and standards.
Mint
14-07-2025
- Business
- Mint
Multibagger PSU stock IFCI zooms 9% after THIS consolidation move. Details here
Multibagger PSU stock IFCI rallied over 9% in intraday trade on Monday, July 14, defying weak sentiment in the Indian equity market, after the company's board recommended to the Government of India (GOI) a proposal for approval of the consolidation of the group. While the company has already received an in-principle approval from the government for the consolidation of the IFCI Group in November 2024, the company today recommended the details on the proposed businesses to be merged following the evaluation of the Transaction Advisor. As part of its proposal, PSU stock IFCI has suggested merging at the company level, a merger of the broking business and suggested continuation of certain entities as direct subsidiaries. Under this, IFCI has proposed the consolidation of StockHolding Corporation India Limited, IFCI Factors Limited, IFCI Infrastructure Development Limited and IIDL Realtors Private Limited with TFCT Limited, the listed Entity. The consolidated IFCI is proposed to remain as an NBFC and will continue to explore opportunities in custodial services, e-stamping, advisory etc. Consolidation of StockHolding Services Limited, IFCI Financial Services Limited, IFIN Commodities Limited, IFIN Credit Limited and IFIN Securities Finance Limited into a single entity, which will be a direct subsidiary of IFCI Limited i.e. the consolidated listed entity mentioned above. StockHolding Document Management Services Limited, StockHolding Securities IFSC Limited, IFCI Venture Capital Funds Limited and MPCON Limited shall be direct subsidiaries of IFCI Limited i.e. the consolidated listed entity. Additionally, the company board also recommended divestment of IFCI's shareholding in MPCON Limited, a direct subsidiary of IFCI Limited, to the Government of India for approval. IFCI share price surged over 9% to hit the day's high of ₹ 66.35 apiece on the BSE. The PSU stock opened at ₹ 60.61 and hit the day's low of ₹ 59.89 today. The daily average volume on BSE for IFCI shares was also higher, as the total traded quantity touched 21.60 lakh shares as against the two-week average of 9.73 lakh shares. While IFCI share price has lost 10% in the last one year, it has zoomed 54% in three months. Meanwhile, the scrip has offered multibagger gains on a longer time frame, zooming 400% in two years and 817% in five years. Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
