IFCI shares rally 6%, turn multibagger as NSE IPO gets SEBI nod. More upside ahead?

IFCI shares rallied 6% after Sebi approved NSE’s much-awaited IPO, clearing a key hurdle for the exchange’s listing. IFCI has indirect exposure to NSE through its majority stake in Stock Holding Corporation of India. The stock has surged over 500% in three years, with analysts seeing further upside.