As per views of technical analyst VK Sharma, day traders can purchase IFCI stock around Rs 61.50 to achieve an intraday target of Rs 68.
If the stock market remains positive, the next target for the day will be above Rs above 70. The stop loss marked for the suggested stock is Rs 58.75.
Shares of the company, on Wednesday (May 14), closed at Rs 61.50 on the Bombay Stock Exchange (BSE). The total volume of shares traded at the BSE was 17235429. Current EPS and P/E stood at 13.39 and 4.74 respectively. The share price has seen a 52-week high of Rs 121.2 and a low of Rs 36.7 on BSE.