Hot Pursuit     31-Oct-12
IFB Industries jumps after strong Q2 results
IFB Industries surged 8.12% to Rs 111.20 at 13:46 IST on BSE after net profit jumped 43.7% to Rs 9.07 crore on 15.6% growth in net sales to Rs 229.39 crore in Q2 September 2012 over Q2 September 2011.

The company announced the results after market hours on Tuesday, 30 October 2012.

Meanwhile, the BSE Sensex was up 62 points or 0.34% to 18,492.85.

On BSE, 1.10 lakh shares were traded in the counter as against average daily volume of 45,911 shares in the past one quarter.

The stock hit a high of Rs 112.90 and a low of Rs 104.20 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 58.05 on 29 December 2011.

The stock had outperformed the market over the past one month till 30 October 2012, surging 13.71% compared with Sensex's 1.77% fall. The scrip had also outperformed the market over the past one quarter, jumping 42.85% as against Sensex's 7.51% 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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