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IFB INDUSTRIES Plunges 13%; BSE CONSUMER DURABLES Index Up 0.1%
Mon, 28 Oct 9:25

IFB INDUSTRIES Plunges 13%; BSE CONSUMER DURABLES Index Up 0.1%Image source: ipopba/www.istockphoto.com

IFB INDUSTRIES share price has plunged 13% and is presently trading at Rs 1,738.0.

Meanwhile, the BSE CONSUMER DURABLES index is at 61,234.4 (up 0.1%).

Among the top losers in the BSE CONSUMER DURABLES index today are AMBER ENTERPRISES INDIA (down 1.5%) and WHIRLPOOL OF INDIA (down 1.0%).

VAIBHAV GEMS (up 1.5%) and Blue Star (up 1.1%) are among the top gainers today.

Over the last one year, IFB INDUSTRIES has moved up from Rs 900.3 to Rs 1,738.0, registering a gain of Rs 837.8 (up 93.1%).

On the other hand, the BSE CONSUMER DURABLES index has moved up from 44,503.1 to 61,234.4, registering a gain of 37.6% during the last 12 months.

The top gainers among the BSE CONSUMER DURABLES index stocks during this same period were DIXON TECHNOLOGIES (up 154.7%), Voltas (up 114.8%) and Blue Star (up 110.2%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,707.9 (up 0.4%).

The top gainers among the BSE Sensex today are ICICI Bank (up 2.2%) and SBI (up 1.0%). The most traded stocks in the BSE Sensex are HDFC Bank and ICICI Bank.

In the meantime, NSE Nifty is at 24,273.0 (up 0.4%). Shriram Transport and ICICI Bank are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,049.1 to 79,707.9, registering a gain of 15,658.9 points (up 24.4%).

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 63.4.


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