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IFGL REFRACTORIES Gains 6%; BSE METAL Index Up 0.5%
Wed, 9 Oct 13:46

IFGL REFRACTORIES  Gains 6%; BSE METAL Index Up 0.5%Image source: phive2015/www.istockphoto.com

IFGL REFRACTORIES share price has zoomed 6% and is presently trading at Rs 596.7.

Meanwhile, the BSE METAL index is at 33,303.8 (up 0.5%).

Among the top gainers in the BSE METAL index today are NMDC (up 2.3%) and Jindal Steel (up 1.8%).

Hindustan Zinc (down 0.6%) and Coal India (down 0.2%) are among the top losers today.

Over the last one year, IFGL REFRACTORIES has moved up from Rs 466.4 to Rs 596.7, registering a gain of Rs 130.3 (up 27.9%).

On the other hand, the BSE METAL index has moved up from 22,378.1 to 33,303.8, registering a gain of 48.8% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Vedanta (up 127.5%), Coal India (up 70.6%) and Hindustan Zinc (up 62.9%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,784.9 (up 0.2%).

The top gainers among the BSE Sensex today are Tata Motors (up 2.6%) and Maruti Suzuki (up 2.2%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 25,104.1 (up 0.4%). Tata Motors and Cipla are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,512.4 to 81,784.9, registering a gain of 16,272.5 points (up 24.8%).

IFGL REFRACTORIES Financial Update...

IFGL REFRACTORIES net profit fell 16.8% YoY to Rs 247 million for the quarter ended June 2024, compared to a profit of Rs 296 million a year ago. Net sales declined 2.2% to Rs 4,145 million during the period as against Rs 4,239 million in April-June 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 28.0.


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