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IFB AGRO INDUSTRIES Gains 5%; BSE FMCG Index Down 0.4%
Wed, 14 Aug 10:30

IFB AGRO INDUSTRIES Gains 5%; BSE FMCG Index Down 0.4%Image source: DNY59/www.istockphoto.com

IFB AGRO INDUSTRIES share price has zoomed 5% and is presently trading at Rs 555.5.

Meanwhile, the BSE FMCG index is at 22,232.5 (down 0.4%).

Among the top gainers in the BSE FMCG index today are Tata Coffee (up 3.6%) and AVANTI FEEDS (up 2.0%).

Marico (down 2.4%) and Zydus Wellness (down 2.3%) are among the top losers today.

Over the last one year, IFB AGRO INDUSTRIES has moved up from Rs 540.5 to Rs 555.5, registering a gain of Rs 15.0 (up 2.8%).

On the other hand, the BSE FMCG index has moved up from 18,611.8 to 22,232.5, registering a gain of 19.5% during the last 12 months.

The top gainers among the BSE FMCG index stocks during this same period were BOM.BURMAH (up 121.5%), Godfrey Phillips (up 115.7%) and Colgate (up 76.0%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,034.7 (up 0.1%).

The top gainers among the BSE Sensex today are TCS (up 2.3%) and HCl Tech. (up 1.4%). The most traded stocks in the BSE Sensex are Tata Steel and Infosys.

In the meantime, NSE Nifty is at 24,150.9 (up 0.1%). APOLLO HOSPITALS and TCS are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,401.9 to 79,034.7, registering a gain of 13,632.8 points (up 20.8%).

IFB AGRO INDUSTRIES Financial Update...

IFB AGRO INDUSTRIES net profit fell 127.9% YoY to Rs -28 million for the quarter ended March 2024, compared to a profit of Rs 102 million a year ago. Net sales rose 1.7% to Rs 3,312 million during the period as against Rs 3,257 million in January-March 2023.

For the year ended March 2024, IFB AGRO INDUSTRIES reported 116.4% decrease in net profit to Rs -81 million compared to net profit of Rs 491 million during FY23. Revenue of the company fell 47.6% to Rs 4,836 million during FY24.

The current Price to earnings ratio of IFB AGRO INDUSTRIES, based on rolling 12 month earnings, stands at -64.4.


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