IFB Industries lost 4.88% to Rs 386 at 11:10 IST on BSE, with the stock sliding on profit booking after the company reported strong Q4 March 2016 results.
Meanwhile, the S&P BSE Sensex was down 109.76 points or 0.43% at 25,594.85.
On BSE, so far 13,000 shares were traded in the counter as against average daily volume of 10,502 shares in the past one quarter. The stock hit a high of Rs 405 and a low of Rs 382.75 so far during the day. The stock had hit a 52-week high of Rs 666 on 28 May 2015. The stock had hit a 52-week low of Rs 281 on 25 February 2016. The stock had outperformed the market over the past one month till 18 May 2016, gaining 4.98% compared with Sensex's 0.43% fall. The scrip had also outperformed the market in past one quarter, surging 31.09% as against Sensex's 8.69% rise.
The small-cap company has equity capital of Rs 40.52 crore. Face value per share is Rs 10.
Shares of IFB Industries witnessed a pre-result rally. The stock had surged 11.02% to settle at Rs 405.80 yesterday, 18 May 2016, from its close of Rs 365.50 on 11 May 2016.
IFB Industries' net profit jumped 325.4% to Rs 5.02 crore on 13.2% growth in net sales to Rs 363.42 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 18 May 2016.
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IFB Industries is engaged in the business of manufacturing and trading of home appliances and fine blanking components.
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