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IFB AGRO INDUSTRIES Gains 18%; BSE FMCG Index Up 0.1%
Thu, 4 Jul 9:36

IFB AGRO INDUSTRIES Gains 18%; BSE FMCG Index Up 0.1%Image source: asbe/www.istockphoto.com

IFB AGRO INDUSTRIES share price has zoomed 18% and is presently trading at Rs 574.7.

Meanwhile, the BSE FMCG index is at 20,770.4 (up 0.1%).

Among the top gainers in the BSE FMCG index today are Tata Coffee (up 3.6%) and Godfrey Phillips (up 2.8%).

JYOTHY LABS (down 1.3%) and Shree Renuka Sugars (down 1.1%) are among the top losers today.

Over the last one year, IFB AGRO INDUSTRIES has moved up from Rs 521.5 to Rs 574.7, registering a gain of Rs 53.2 (up 10.2%).

On the other hand, the BSE FMCG index has moved up from 18,894.7 to 20,770.4, registering a gain of 9.9% during the last 12 months.

The top gainers among the BSE FMCG index stocks during this same period were Godfrey Phillips (up 159.6%), JYOTHY LABS (up 111.7%) and BOM.BURMAH (up 106.4%).

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What About the Benchmark Indices?

The BSE Sensex is at 80,247.1 (up 0.3%).

The top gainers among the BSE Sensex today are Tata Motors (up 2.1%) and Infosys (up 1.5%). The most traded stocks in the BSE Sensex are HDFC Bank and Tata Motors.

In the meantime, NSE Nifty is at 24,367.0 (up 0.3%). Tata Motors and Infosys are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,205.1 to 80,247.1, registering a gain of 15,042.1 points (up 23.1%).

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 2023, IFB AGRO INDUSTRIES reported 16.1% decrease in net profit to Rs 491 million compared to net profit of Rs 585 million during FY22. Revenue of the company grew 460.7% to Rs 9,225 million during FY23.

The current Price to earnings ratio of IFB AGRO INDUSTRIES, based on rolling 12 month earnings, stands at -66.6.


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