KIFS Financial hits upper circuit

The KIFS Financial stock, which had seen total volumes of 16,300 shares in September, has been hitting the upper circuit regularly since October 3. In the last nine trading sessions, the company has risen from ~62.80 per share to ~92.50 per share – a rise of 47.29 per cent. The company was in the news recently after a news website wrote the story that the company had extended an unsecured loan of ~15.78 crore to Jay Amit Shah’s company Temple Enterprise Pvt Ltd. Jay Amit Shah is BJP President Amit Shah’s son.