New Delhi, July 24 -- IFL Enterprises share price was locked in at 5% upper circuit on Thursday, extending rally for the fourth consecutive session, led by heavy buying volumes. The smallcap stock hit a 5% upper circuit of Rs.1.05 apiece on the BSE.

IFL Enterprises shares have jumped 18% in four sessions, boosted by sustained buying momentum.

The latest gains in IFL Enterprises shares comes after the company announced to enter into Organic Waste Management and recycling business. The new venture is part of the company's strategic plan to diversify its portfolio and tap into emerging and high-demand sectors.

The Organic Waste Management & Recycling industry is projected to grow at a CAGR of 10-12% over the next five years. The company a...