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IFB INDUSTRIES Gains 4%; BSE CONSUMER DURABLES Index Up 0.6%
Mon, 14 Oct 15:2

IFB INDUSTRIES Gains 4%; BSE CONSUMER DURABLES Index Up 0.6%Image source: DNY59/www.istockphoto.com

IFB INDUSTRIES share price has zoomed 4% and is presently trading at Rs 1,865.0.

Meanwhile, the BSE CONSUMER DURABLES index is at 65,969.1 (up 0.6%).

Among the top gainers in the BSE CONSUMER DURABLES index today are AMBER ENTERPRISES INDIA (up 2.6%) and DIXON TECHNOLOGIES (up 0.7%).

RAJESH EXPORTS (down 0.9%) and VAIBHAV GEMS (down 0.8%) are among the top losers today.

Over the last one year, IFB INDUSTRIES has moved up from Rs 886.7 to Rs 1,865.0, registering a gain of Rs 978.3 (up 110.3%).

On the other hand, the BSE CONSUMER DURABLES index has moved up from 46,003.6 to 65,969.1, registering a gain of 43.4% during the last 12 months.

The top gainers among the BSE CONSUMER DURABLES index stocks during this same period were DIXON TECHNOLOGIES (up 194.8%), Blue Star (up 132.8%) and Voltas (up 109.7%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,964.0 (up 0.7%).

The top gainers among the BSE Sensex today are Tech Mahindra (up 2.8%) and HDFC Bank (up 2.2%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 25,121.0 (up 0.6%). Wipro and Tech Mahindra are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,079.4 to 81,964.0, registering a gain of 15,884.6 points (up 24.0%).

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 68.0.


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