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IFB INDUSTRIES Gains 9%; BSE CONSUMER DURABLES Index Up 0.7%
Thu, 1 Aug 9:50

IFB INDUSTRIES Gains 9%; BSE CONSUMER DURABLES Index Up 0.7%Image source: ipopba/www.istockphoto.com

IFB INDUSTRIES share price has zoomed 9% and is presently trading at Rs 1,934.0.

Meanwhile, the BSE CONSUMER DURABLES index is at 61,335.3 (up 0.7%).

Among the top gainers in the BSE CONSUMER DURABLES index today are CROMPTON GREAVES CONSUMER ELEC. (up 4.2%) and Blue Star (up 1.6%).

ORIENT ELECTRIC (down 1.9%) and WHIRLPOOL OF INDIA (down 1.2%) are among the top losers today.

Over the last one year, IFB INDUSTRIES has moved up from Rs 830.4 to Rs 1,934.0, registering a gain of Rs 1,103.6 (up 132.9%).

On the other hand, the BSE CONSUMER DURABLES index has moved up from 42,752.5 to 61,335.3, registering a gain of 43.5% during the last 12 months.

The top gainers among the BSE CONSUMER DURABLES index stocks during this same period were DIXON TECHNOLOGIES (up 190.5%), Blue Star (up 123.6%) and Voltas (up 97.7%).

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What About the Benchmark Indices?

The BSE Sensex is at 82,008.3 (up 0.3%).

The top gainers among the BSE Sensex today are Maruti Suzuki (up 2.6%) and JSW Steel (up 2.0%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 25,044.4 (up 0.4%). Maruti Suzuki and Coal India are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,527.7 to 82,008.3, registering a gain of 15,480.6 points (up 23.3%).

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 70.5.


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