News for IFCI Limited (IFCI.BO)

Ola Electric share price: Ola Cell Technologies signed a Program Agreement with the Ministry of Heavy Industries under the Production Linked Incentive (PLI) Advanced Chemistry Cell (ACC) scheme, with IFCI designated as the Project Management Agency (PMA) for the project.

Stocks including Power Grid, ONGC, Coforge, Adani Wilmar, Grasim, ABB India, Ola Electric, Biocon, Ambuja Cements and Rail Vikas Nigam will be in the spotlight on Wednesday, March 05.

PSU stocks such as Chennai Petroleum Corporation Ltd (CPCL), Mangalore Refinery and Petrochemicals Ltd (MRPL), Cochin Shipyard Ltd, MMTC Ltd, ITI Ltd and Oil India Ltd have led the losers, falling 47-59 per cent.

Data available from ACE Equity shows that Cochin Shipyard emerged as the best-performing PSU in 2024, delivering a stellar 134% return

Buzzing stocks, stocks to watch: Reliance Industries, Vedanta, Sterling & Wilson RE, Ola Electric, CoForge, Insurance stocks, Ultratech Cement, Granules, Aurobindo Pharma, Vakrangee, Fortis Healthcare, Piramal Enterprises, IFCI, SRM Contractors

Govt to infuse ₹500 cr in IFCI to improve its financial health

Indian markets declined on Thursday, dragged by global market weakness after the Fed's hawkish stance. Selling pressure was seen across sectors, especially in banking and real estate. FII outflows and a strong dollar further weighed on the market. Defensive sectors like pharma outperformed.

In the Nifty 50 index, 41 stocks ended in the green, while 9 stocks closed in the red in today's trade.

The NSE Nifty index closed 314.66 points up at 24221.9

The Nifty IT index was trading 0.64 per cent at 43608.85.

The Nifty Realty index was trading 2.99 per cent at 1036.30.

In the Nifty 50 index, 47 stocks were trading in the green, while 3 stocks were trading in the red.

Indian benchmark indices kicked off the week on a strong note, thanks to BJP-led Mahayuti alliance's landslide victory in the Maharashtra Assembly election over the weekend.

Finance Ministry approves consolidation of IFCI Group, including merger of IFCI Limited and StockHolding Corporation of India Limited.

The NSE Nifty index closed 6.91 points down at 24141.3

12 stocks, including Cochin Shipyard and Waaree Renewable Technologies, have fallen by at least 40% from their 52-week highs after significant gains last year. Most of these stocks, comprising PSUs and other prominent companies, are experiencing corrections due to profit booking and expensive valuations amidst market volatility and earnings slowdown.

RVNL shares declined 1.61 per cent to Rs 535.50. IREDA fell 1.10 per cent to Rs 229.80. IFCI slipped 0.53 per cent to Rs 70.73. HUDCO edged 0.9 per cent lower at Rs 248.70.

The Nifty Pharma index closed 0.48 per cent down at 22878.05.

The Nifty Bank index closed 0.02 per cent up at 51152.75.