In early trades, Industrial Finance Corporation of India (IFCI) is quoting at Rs 56.30, up Rs 3.30, or 6.23%. The stock touched an intraday high of Rs 56.45 and an intraday low of Rs 53.60. It is trading with volumes of 11,173,955 shares. Yesterday the share closed up 4.95% or Rs 2.50 at Rs 53.

After few hours, the share price arose 9.15% and reached Rs 57.85. The stock zoomed after NSE lifted ban on constructing fresh derivatives positions in the scrip. Previously, NSE had banned fresh derivatives positions in the stock as it had crossed 95% of the market-wide position limit.

2.84 crore shares were traded in IFCI counter on BSE today. The scrip topped volumes on BSE.

On 9 July 2007, the company declared that its directors had approved `in principle' a proposal for calling for expression of interest from strategic investors in line with continuing idea and business aims of the company. The state-run lender is seeking a strong partner, be it an Indian entity or from overseas, which can add value to the company.