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IFB INDUSTRIES Plunges 5%; BSE CONSUMER DURABLES Index Down 3.0%
Fri, 25 Oct 12:26

IFB INDUSTRIES Plunges 5%; BSE CONSUMER DURABLES Index Down 3.0%Image source: phive2015/www.istockphoto.com

IFB INDUSTRIES share price has plunged 5% and is presently trading at Rs 2,069.8.

Meanwhile, the BSE CONSUMER DURABLES index is at 60,990.2 (down 3.0%).

Among the top losers in the BSE CONSUMER DURABLES index today are DIXON TECHNOLOGIES (down 9.7%) and AMBER ENTERPRISES INDIA (down 4.3%).

Over the last one year, IFB INDUSTRIES has moved up from Rs 897.5 to Rs 2,069.8, registering a gain of Rs 1,172.3 (up 130.6%).

On the other hand, the BSE CONSUMER DURABLES index has moved up from 44,784.7 to 60,990.2, registering a gain of 36.2% during the last 12 months.

The top gainers among the BSE CONSUMER DURABLES index stocks during this same period were DIXON TECHNOLOGIES (up 151.6%), Voltas (up 115.9%) and AMBER ENTERPRISES INDIA (up 114.7%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,343.6 (down 0.9%).

The top losers among the BSE Sensex today are Indusind Bank (down 19.4%) and M&M (down 4.6%). The most traded stocks in the BSE Sensex are Tata Steel and Indusind Bank.

In the meantime, NSE Nifty is at 24,101.5 (down 1.2%). Indusind Bank and M&M are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,571.9 to 79,343.6, registering a gain of 14,771.7 points (up 22.9%).

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 75.5.


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