New Delhi, Sept. 15 -- PSU stock IFCI surged as much as 8 per cent to Rs.58.08 apiece in Monday's trading session after the shares witnessed sharp spurt in trading volume on exchanges.

The PSU stock has largely remained volatile in last one year. The stock rallied nearly 40 per cent in six months, however, descended 25 per cent in one year. Meanwhile, the PSU stock has rewarded its long-term investors with multibagger returns by soaring over 756 per cent in five years.

According to data available on NSE, shares worth Rs.198.06 lakh traded on Monday, September 15. "Today's session witnessed a significant 300% surge in volumes, strongly suggesting that the weekly flag is nearing a bullish breakout," said Anshul Jain, Head of Research at L...