New Delhi, Sept. 4 -- IFCI share price surged on Friday, September 4, climbing more than 8% to touch a fresh record high amid growing optimism surrounding the proposed initial public offering (IPO) of the National Stock Exchange (NSE). Positive sentiment in the broader Indian stock market also supported the sharp move in the stock.

IFCI opened the session at Rs.96.01 per share on the BSE before attracting strong buying interest. The stock subsequently surged as much as 8.4% to hit a new all-time high of Rs.103.95 per share.

The latest rally has further strengthened IFCI's remarkable performance across multiple timeframes. The stock is currently trading 125% above its 52-week low of Rs.46.20, which it touched in December last year.

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