IFCI Plunges by 7%; BSE 500 Index Down 0.4%

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IFCI Plunges by 7%; BSE 500 Index Down 0.4%
Thu, 20 Jun 09:28 AM

IFCI share price has plunged 7% and is presently trading at Rs 8.

Meanwhile, the BSE 500 Index is at 15,072 (down 0.4%).

Among the top losers in the BSE 500 Index today are IFCI (down 6.6%) and GRAPHITE INDIA (down 8.5%).

ERIS LIFESCIENCES LIMITED (up 2.6%) and OBEROI REALTY (up 2.6%) 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 9 (down 53.6%)..

The BSE 500 has moved up from 14,649 to 15,072, registering a gain of 423 points (up 2.9%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI POWER (up 150.0%), VINATI ORGANICS (up 110.4%) and INFO EDGE (up 69.4%).

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What About the Benchmark Indices?

The BSE Sensex is at 39,051 (down 0.4%). The top gainers among the BSE Sensex stocks today are VEDANTA LTD (up 1.1%). The most traded stocks in the BSE Sensex are VEDANTA LTD and ONGC.

In the meantime, NSE Nifty is at 11,672 (down 0.4%). INDIABULLS HOU. FIN. (up 2.1%) and POWER GRID (up 0.9%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,287 to 39,051, registering a gain of 3,764 points (up 10.4%).

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 2.7x.



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