IFB Agro Industries surged 5.05% to Rs 690 at 15:16 IST on BSE, with the stock extending its recent rally to hit fresh alltime high.
Meanwhile, the S&P BSE Sensex was up 111.89 points or 0.35% at 32,501.85. The S&P BSE Sensex was up 14.20 points or 0.08% at 17,095.64.
On the BSE, 38,000 shares were traded on the counter so far as against the average daily volumes of 1,871 shares in the past one quarter. The stock had hit a high of Rs 722 in intraday trade so far, which is record high for the counter. The stock hit a low of Rs 670 so far during the day. The stock hit a 52-week low of Rs 327.20 on 22 November 2016.
The stock had outperformed the market over the past one month till 19 October 2017, rising 53.64% compared with 0.03% decline in the Sensex. The scrip had outperformed the market in past one quarter, gaining 58.21% as against Sensex's 1.13% rise. The scrip had also outperformed the market in past one year, surging 56.38% as against Sensex's 15.14% rise.
The small-cap company has equity capital of Rs 9.37 crore. Face value per share is Rs 10.
Shares of IFB Agro Industries gained for sixth day in a row. At its prevailing price, the stock has jumped 57.09% in five sessions from its close of Rs 439.25 on 13 October 2017.
IFB Agro Industries' net profit fell 28.52% to Rs 7.27 crore on 23.01% growth in net sales to Rs 336.34 crore in Q1 June 2017 over Q1 June 2016.
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IFB Agro Industries manufactures and distributes grain alcohol, DDGS, CO2, organic manure, alcoholic beverages, aqua feed and processed frozen shrimps for domestic and export markets.
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