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IFB INDUSTRIES Gains 6%; BSE CONSUMER DURABLES Index Up 1.5%
Wed, 6 Nov 11:42

IFB INDUSTRIES Gains 6%; BSE CONSUMER DURABLES Index Up 1.5%Image source: Eoneren/www.istockphoto.com

IFB INDUSTRIES share price has zoomed 6% and is presently trading at Rs 1,688.0.

Meanwhile, the BSE CONSUMER DURABLES index is at 61,562.1 (up 1.5%).

Among the top gainers in the BSE CONSUMER DURABLES index today are DIXON TECHNOLOGIES (up 9.7%) and CROMPTON GREAVES CONSUMER ELEC. (up 2.1%).

Titan (down 2.3%) is among the top losers today.

Over the last one year, IFB INDUSTRIES has moved up from Rs 859.6 to Rs 1,688.0, registering a gain of Rs 828.4 (up 96.4%).

On the other hand, the BSE CONSUMER DURABLES index has moved up from 45,127.4 to 61,562.1, registering a gain of 36.4% during the last 12 months.

The top gainers among the BSE CONSUMER DURABLES index stocks during this same period were DIXON TECHNOLOGIES (up 200.7%), Voltas (up 106.8%) and Blue Star (up 95.3%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,031.2 (up 0.7%).

The top gainers among the BSE Sensex today are HCl Tech. (up 3.6%) and TCS (up 3.5%). The most traded stocks in the BSE Sensex are ITC and Infosys.

In the meantime, NSE Nifty is at 24,381.8 (up 0.7%). TCS and HCl Tech. are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,958.7 to 80,031.2, registering a gain of 15,072.5 points (up 23.2%).

IFB INDUSTRIES Financial Update...

IFB INDUSTRIES net profit grew 23.7% YoY to Rs 363 million for the quarter ended September 2024, compared to a profit of Rs 294 million a year ago. Net sales rose 10.8% to Rs 12,193 million during the period as against Rs 11,009 million in July-September 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 57.9.


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