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IFB INDUSTRIES Gains 3%; BSE CONSUMER DURABLES Index Down 0.2%
Tue, 25 Jun 14:32

IFB INDUSTRIES Gains 3%; BSE CONSUMER DURABLES Index Down 0.2%Image source: Chunumunu/www.istockphoto.com

IFB INDUSTRIES share price has zoomed 3% and is presently trading at Rs 1,689.2.

Meanwhile, the BSE CONSUMER DURABLES index is at 59,072.3 (down 0.2%).

Among the top gainers in the BSE CONSUMER DURABLES index today are ORIENT ELECTRIC (up 1.1%) and WHIRLPOOL OF INDIA (up 0.9%).

Bajaj Electricals (down 1.4%) and Blue Star (down 0.7%) are among the top losers today.

Over the last one year, IFB INDUSTRIES has moved up from Rs 818.3 to Rs 1,689.2, registering a gain of Rs 871.0 (up 106.4%).

On the other hand, the BSE CONSUMER DURABLES index has moved up from 42,891.3 to 59,072.3, registering a gain of 37.7% during the last 12 months.

The top gainers among the BSE CONSUMER DURABLES index stocks during this same period were DIXON TECHNOLOGIES (up 152.9%), Blue Star (up 109.7%) and Voltas (up 91.0%).

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

What About the Benchmark Indices?

The BSE Sensex is at 77,906.5 (up 0.7%).

The top gainers among the BSE Sensex today are Axis Bank (up 2.7%) and HDFC Bank (up 2.2%). The most traded stocks in the BSE Sensex are HDFC Bank and Power Grid Corp..

In the meantime, NSE Nifty is at 23,692.8 (up 0.7%). Shriram Transport and Axis Bank are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,523.2 to 77,906.5, registering a gain of 14,383.4 points (up 22.6%).

IFB INDUSTRIES Financial Update...

IFB INDUSTRIES net profit grew 318.7% YoY to Rs 165 million for the quarter ended March 2024, compared to a loss of Rs 75 million a year ago. Net sales rose 7.9% to Rs 10,902 million during the period as against Rs 10,102 million in January-March 2023.

For the year ended March 2023, IFB INDUSTRIES reported 131.0% increase in net profit to Rs 149 million compared to net loss of Rs 482 million during FY22. Revenue of the company grew 22.8% to Rs 41,950 million during FY23.

The current Price to earnings ratio of IFB INDUSTRIES, based on rolling 12 month earnings, stands at 91.8.


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