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IFB INDUSTRIES Gains 4%; BSE CONSUMER DURABLES Index Up 0.3%
Mon, 22 Jul 15:9

IFB INDUSTRIES Gains 4%; BSE CONSUMER DURABLES Index Up 0.3%Image source: asbe/www.istockphoto.com

IFB INDUSTRIES share price has zoomed 4% and is presently trading at Rs 1,595.4.

Meanwhile, the BSE CONSUMER DURABLES index is at 57,701.1 (up 0.3%).

Among the top gainers in the BSE CONSUMER DURABLES index today are AMBER ENTERPRISES INDIA (up 4.1%) and CROMPTON GREAVES CONSUMER ELEC. (up 1.6%).

RAJESH EXPORTS (down 1.0%) and VAIBHAV GEMS (down 1.0%) are among the top losers today.

Over the last one year, IFB INDUSTRIES has moved up from Rs 835.2 to Rs 1,595.4, registering a gain of Rs 760.2 (up 91.0%).

On the other hand, the BSE CONSUMER DURABLES index has moved up from 42,599.9 to 57,701.1, registering a gain of 35.4% during the last 12 months.

The top gainers among the BSE CONSUMER DURABLES index stocks during this same period were DIXON TECHNOLOGIES (up 162.0%), Blue Star (up 108.2%) and AMBER ENTERPRISES INDIA (up 94.1%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,484.4 (down 0.1%).

The top losers among the BSE Sensex today are Kotak Bank (down 3.9%) and Reliance Ind. (down 3.5%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,505.6 (down 0.1%). Wipro and Kotak Bank are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,795.1 to 80,484.4, registering a gain of 13,689.2 points (up 20.5%).

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 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 86.7.


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