New Delhi, Sept. 3 -- Despite tepid movement in the key benchmark indices of the Indian stock market, IFCI shares saw strong buying in the early morning session. IFCI share price today opened with a downside gap at Rs.98.21 apiece on the NSE, but the PSU stock soon gathered an upside momentum and touched an intraday high of Rs.101.66 per share. However, the NBFC stock failed to sustain gains and hit an intraday low of Rs.95.90 apiece, a level that may attract bottom fishers.

According to stock market experts, IFCI shares have given a technical breakout at Rs.95, and the PSU stock appears bullish on the technical chart. They said that shareholders with a long-term horizon may hold the stock for an upside target of Rs.120. However, experts...