IFCI Falls Sharply as NSE IPO Rally Triggers Profit Booking!

IFCI Falls Sharply as NSE IPO Rally Triggers Profit Booking IFCI shares came under heavy selling pressure on September 8, falling sharply after a strong recent rally linked to expectations surrounding the proposed NSE IPO. The stock had attracted significant investor interest because of its exposure to the National Stock Exchange. The decline comes as traders appear to be booking profits after the sharp run-up. NIACL also faced selling pressure, while the grey-market premium associated with the NSE IPO reportedly declined, adding to the cautious sentiment around stocks that had rallied on the IPO theme. The development is a reminder that stocks that rally rapidly on IPO-related expectations can experience significant volatility when momentum slows. Investors may now watch whether IFCI stabilises after the correction or whether further profit booking emerges.