Hot Pursuit     31-Jan-13
IFB Industries vaults after Q3 results
IFB Industries galloped 10.88% to Rs 105.50 at 11:07 IST on BSE after net profit rose 11.4% to Rs 11.99 crore on 14.4% growth in net sales to Rs 263.31 crore in Q3 December 2012 over Q3 December 2011.

The company announced Q3 results after market hours on Wednesday, 30 January 2013.

Meanwhile, the BSE Sensex was down 40.19 points or 0.2% at 19,964.81.

On BSE, 93,000 shares were traded in the counter as against average daily volume of 28,745 shares in the past one quarter.

The stock hit a high of Rs 110.35 and a low of Rs 104.15 so far during the day. The stock had hit a 52-week high of Rs 130 on 23 October 2012. The stock had hit a 52-week low of Rs 60 on 15 June 2012.

The stock had underperformed the market over the past one month till 30 January 2013, sliding 9.21% compared with the Sensex's 2.88% rise. The scrip had also underperformed the market in past one quarter, declining 7.49% as against Sensex's 8.54% surge.

The small-cap company has equity capital of Rs 40.52 crore. Face value per share is Rs 10.

IFB Industries manufactures consumer durable products like dryers, washing machines, microwave ovens, dishwashers.

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