NIACL, IFCI shares drop 12% on profit booking

NIACL, IFCI shares drop 12% on profit booking. The fall follows profit-taking after recent rallies, coinciding with a decline in the grey market premium (GMP) for the upcoming NSE IPO. GMP dropped to ₹20-25 from earlier ₹50+, signaling weakening investor sentiment. This reflects caution ahead of the listing.

📊 STOCKS: $NIACL $IFCI | 🏢 SECTOR: CapitalMarkets | #MEDIUMIMPACT #IPO