IFCI Plunges by 8%; BSE 500 Index Up 0.8%
June 19, 2019 09:36 AM

IFCI share price has plunged 8% and is presently trading at Rs 8.

Meanwhile, the BSE 500 Index is at 15,245 (up 0.8%).

Among the top losers in the BSE 500 Index today are IFCI (down 8.4%) and S H KELKAR & CO. (down 5.1%).

JINDAL STEEL & POWER (up 4.2%) and TATA STEEL (up 3.7%) are among the top gainers today.

Over the last one year, IFCI has moved down from Rs 16 to Rs 8, registering a loss of Rs 8 (down 49.7%)..

The BSE 500 has moved up from 14,778 to 15,245, registering a gain of 467 points (up 3.2%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI POWER (up 157.9%), VINATI ORGANICS (up 109.1%) and BATA INDIA (up 71.6%).

What About the Benchmark Indices?

The BSE Sensex is at 39,433 (up 1.0%). The top gainers among the BSE Sensex stocks today are TATA STEEL (up 3.7%). The most traded stocks in the BSE Sensex are YES BANK and TATA MOTORS.

In the meantime, NSE Nifty is at 11,802 (up 0.9%). TATA STEEL (up 3.9%) and INDIABULLS HOU. FIN. (up 2.5%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,548 to 39,433, registering a gain of 3,885 points (up 10.9%).

IFCI Financial Update...

IFCI net profit declined 22.9% YoY to Rs 377 million for the quarter ended March 2019, compared to a loss of Rs 488 million a year ago. Net Sales declined 27.8% to Rs 4.5 billion during the period as against Rs 6.3 billion in January-March 2018.

For the year ended March 2018, IFCI reported 199.6% increase in net profit to Rs 9.7 billion compared to net profit of Rs 3.2 billion during FY17.

Revenue of the company grew 3.7% to Rs 34 billion during FY18.

The current Price to earnings ratio of IFCI, based on rolling 12 month earnings, stands at down 2.9x.