IFCI shares surge 12% amid spike in trading volume, emerges top gainer in NIFTY Smallcap 100 index

Shares of IFCI, the state-run non-deposit taking non-banking finance company (NBFC-ND), rose as much as 12% to hit an intraday high of ₹54.90 on the National Stock Exchange on Monday, January 12 amid higher than usual trading volumes. On the BSE, IFCI shares touched an intraday high of ₹54.88, rising as much as 12%, data from BSE showed.

IFCI shares were witnessing higher than usual trading activity on Monday as trading volume in the stock spiked by 31 times to 13.17 crore shares compared with an average trading volume of 42.11 lakh shares.

On the BSE, as many as 1.22 crore shares changed hands compared with an average of 9.87 lakh shares traded daily in the past two weeks.

With today's gains IFCI emerged as the top gainer in the NIFTY Smallcap 100 index.

The company last week informed exchanges that the Assistant Commissioner of Income Tax has passed an order under section 154 of the Income Tax Act, 1961, whereby additional demand of ₹13.64 crore has been raised on account of reduction in the brought-forward losses.

"The Department, while passing the rectification order, has reduced the brought-forward losses in the computation of income for Assessment Year 2019-20. The assessment order and demand thereof for Assessment Year 2019-20 is already being contested before CIT(A). The Company has already obtained a stay against the existing demand and an application for stay of additional demand is also being filed. Further, the Company has sufficient MAT credit available, for set-off against the outstanding demand," IFCI said last week.

The company also said that its board will meet on January 29 to consider and approve the standalone and consolidated financial results for the quarter ended December 31, 2025.

As of 1:36 pm, IFCI shares traded 11.71% higher at ₹54.75, outperforming the NIFTY Smallcap 100 index which was down nearly 1%.