IFB Industries was up 1.48% to Rs 382.85 at 12:32 IST on BSE after net profit rose 41.5% to Rs 14.91 crore on 19.1% growth in net sales to Rs 412.86 crore in Q1 June 2016 over Q1 June 2015.
The result was announced after market hours yesterday, 21 July 2016.Meanwhile, the S&P BSE Sensex was up 57.24 points or 0.21% at 27,767.76.
On BSE, so far 7,604 shares were traded in the counter as against average daily volume of 12,196 shares in the past one quarter. The stock hit a high of Rs 397.65 and a low of Rs 381.50 so far during the day. The stock had hit a 52-week high of Rs 600 on 7 August 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 21 July 2016, surging 12.31% compared with Sensex's 3.35% rise. The scrip had, however, underperformed the market in past one quarter, declining 1.46% as against Sensex's 7.07% rise.
The small-cap company has equity capital of Rs 40.52 crore. Face value per share is Rs 10.
IFB Industries is engaged in the business of manufacturing and trading of home appliances and fine blanking components.
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