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IFB INDUSTRIES Gains 16%; BSE CONSUMER DURABLES Index Up 0.3%
Wed, 16 Oct 9:21

IFB INDUSTRIES Gains 16%; BSE CONSUMER DURABLES Index Up 0.3%Image source: peterschreiber.media/www.istockphoto.com

IFB INDUSTRIES share price has zoomed 16% and is presently trading at Rs 1,869.1.

Meanwhile, the BSE CONSUMER DURABLES index is at 66,499.6 (up 0.3%).

Among the top gainers in the BSE CONSUMER DURABLES index today are ORIENT ELECTRIC (up 3.8%) and Bajaj Electricals (up 1.7%).

CROMPTON GREAVES CONSUMER ELEC. (down 1.8%) and RAJESH EXPORTS (down 0.9%) are among the top losers today.

Over the last one year, IFB INDUSTRIES has moved up from Rs 884.8 to Rs 1,869.1, registering a gain of Rs 984.3 (up 111.3%).

On the other hand, the BSE CONSUMER DURABLES index has moved up from 46,517.6 to 66,499.6, registering a gain of 43.0% during the last 12 months.

The top gainers among the BSE CONSUMER DURABLES index stocks during this same period were DIXON TECHNOLOGIES (up 185.7%), Blue Star (up 131.3%) and Voltas (up 114.8%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 81,618.2 (down 0.2%).

The top losers among the BSE Sensex today are TCS (down 1.0%) and Kotak Bank (down 0.8%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 25,017.1 (down 0.2%). Nestle and Ultratech Cement are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,166.9 to 81,618.2, registering a gain of 15,451.2 points (up 23.4%).

IFB INDUSTRIES Financial Update...

IFB INDUSTRIES net profit grew 994.3% YoY to Rs 403 million for the quarter ended June 2024, compared to a profit of Rs 37 million a year ago. Net sales rose 16.9% to Rs 12,692 million during the period as against Rs 10,859 million in April-June 2023.

For the year ended March 2024, IFB INDUSTRIES reported 237.1% increase in net profit to Rs 504 million compared to net profit of Rs 149 million during FY23. Revenue of the company grew 5.8% to Rs 44,378 million during FY24.

The current Price to earnings ratio of IFB INDUSTRIES, based on rolling 12 month earnings, stands at 68.2.


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