New Delhi, Sept. 8 -- IFCI share price bucked its gaining streak, slided over 9% in Tuesday's trading session as investors rushed to book profits after two-day rally. IFCI shares opened at Rs.103.40 apiece on NSE today, as compared to previous close of Rs.102.51. The stock hit an intraday low of Rs.92.75 apiece.

A major factor driving investor interest in IFCI is its indirect exposure to the National Stock Exchange (NSE) through Stock Holding Corporation of India (SHCIL).

IFCI holds a controlling stake of over 50% in SHCIL, which, in turn, owns more than 4% of NSE. This structure gives IFCI shareholders indirect exposure to developments at India's largest stock exchange, making the company's stock particularly responsive to progress on ...