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IFGL REFRACTORIES Plunges 9%; BSE METAL Index Down 0.3%
Mon, 11 Nov 9:31

IFGL REFRACTORIES  Plunges 9%; BSE METAL Index Down 0.3%Image source: bluebay2014/www.istockphoto.com

IFGL REFRACTORIES share price has plunged 9% and is presently trading at Rs 536.7.

Meanwhile, the BSE METAL index is at 30,886.2 (down 0.3%).

Among the top losers in the BSE METAL index today are NMDC (down 1.6%) and Hindustan Zinc (down 0.8%).

APOLLO TUBES (up 1.2%) and Vedanta (up 0.5%) are among the top gainers today.

Over the last one year, IFGL REFRACTORIES has moved down from Rs 623.2 to Rs 536.7, registering a loss of Rs 86.4 (down 13.9%).

On the other hand, the BSE METAL index has moved up from 22,719.1 to 30,886.2, registering a gain of 35.9% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Vedanta (up 93.5%), Hindustan Zinc (up 71.5%) and Jindal Steel (up 47.4%).

For Investors: Our Big Prediction

What About the Benchmark Indices?

The BSE Sensex is at 79,305.8 (down 0.2%).

The top losers among the BSE Sensex today are Asian Paints (down 8.1%) and Axis Bank (down 1.1%). The most traded stocks in the BSE Sensex are Tata Motors and Tata Steel.

In the meantime, NSE Nifty is at 24,099.2 (down 0.2%). Asian Paints and Axis Bank are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,942.4 to 79,305.8, registering a gain of 14,363.4 points (up 22.1%).

IFGL REFRACTORIES Financial Update...

IFGL REFRACTORIES net profit fell 68.2% YoY to Rs 121 million for the quarter ended September 2024, compared to a profit of Rs 380 million a year ago. Net sales declined 9.7% to Rs 4,111 million during the period as against Rs 4,555 million in July-September 2023.

For the year ended March 2024, IFGL REFRACTORIES reported 3.1% increase in net profit to Rs 817 million compared to net profit of Rs 792 million during FY23. Revenue of the company grew 18.2% to Rs 16,395 million during FY24.

The current Price to earnings ratio of IFGL REFRACTORIES , based on rolling 12 month earnings, stands at 38.1.


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