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IFB INDUSTRIES Gains 9%; BSE CONSUMER DURABLES Index Up 0.5%
Wed, 7 Aug 9:58

IFB INDUSTRIES Gains 9%; BSE CONSUMER DURABLES Index Up 0.5%Image source: Sakorn BernardaSv/www.istockphoto.com

IFB INDUSTRIES share price has zoomed 9% and is presently trading at Rs 2,086.8.

Meanwhile, the BSE CONSUMER DURABLES index is at 58,115.3 (up 0.5%).

Among the top gainers in the BSE CONSUMER DURABLES index today are DIXON TECHNOLOGIES (up 2.7%) and CROMPTON GREAVES CONSUMER ELEC. (up 2.1%).

Blue Star (down 2.3%) and Bajaj Electricals (down 0.4%) are among the top losers today.

Over the last one year, IFB INDUSTRIES has moved up from Rs 826.5 to Rs 2,086.8, registering a gain of Rs 1,260.3 (up 152.5%).

On the other hand, the BSE CONSUMER DURABLES index has moved up from 42,308.7 to 58,115.3, registering a gain of 37.4% during the last 12 months.

The top gainers among the BSE CONSUMER DURABLES index stocks during this same period were DIXON TECHNOLOGIES (up 143.3%), Blue Star (up 110.7%) and Voltas (up 78.6%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,254.5 (up 0.8%).

The top gainers among the BSE Sensex today are MUNDRA PORT & SEZ (up 2.0%) and M&M (up 2.0%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,216.1 (up 0.9%). ONGC and Coal India are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,953.5 to 79,254.5, registering a gain of 13,301.0 points (up 20.2%).

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 76.1.


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