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.

IFB Industries is engaged in the business of manufacturing and trading of home appliances and fine blanking components.