IFCI Share Price Up by 13%; BSE 500 Index Down 0.1%

Wed, 12 Aug 02:35 PM

IFCI share price has zoomed 13% and is presently trading at Rs 7.

Meanwhile, the BSE 500 Index is at 14,753 (down 0.1%).

Among the top Gainers in the BSE 500 Index today are IFCI (up 12.9%) and INTERGLOBE AVIATION (INDIGO) (up 11.0%).

SRF LTD and RAJESH EXPORTS are among the top losers today.

Over the last one year, IFCI has moved down from Rs 8 to Rs 7, registering a loss of Rs 0 (down 3.6%).

On the other hand, the BSE 500 has moved up from 14,083 to 14,753, registering a gain of 670 points (up 4.7%) during the last 12 months.

The top buzzing stocks among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 679.8%), DIXON TECHNOLOGIES (up 308.4%) and GRANULES INDIA (up 239.4%).

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What About the Benchmark Indices?

The BSE Sensex is at 38,414 (down 0.1%).

The top gainers among the BSE Sensex stocks today are HCL TECHNOLOGIES (up 4.5%), SBI (up 4.2%) and TECH MAHINDRA (up 1.5%). Other gainers include M&M (up 1.2%) and MARUTI SUZUKI (up 1.1%). The most traded stocks in the BSE Sensex are SBI and AXIS BANK.

In the meantime, NSE Nifty is at 11,319 (down 0.2%). The top gainers in the NSE Nifty include HCL TECHNOLOGIES (up 4.4%), SBI (up 4.2%) and EICHER MOTOR (up 3.7%). Other gainers include HERO MOTOCORP (up 2.2%) and ADANI PORTS & SEZ (up 1.9%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 36,958 to 38,414, registering a gain of 1,456 points (up 3.79%).

IFCI Financial Update...

IFCI net profit declined 78.8% YoY to Rs 104 million for the quarter ended June 2019, compared to a loss of Rs 488 million a year ago. Net Sales declined 23.6% to Rs 4.8 billion during the period as against Rs 6.3 billion in April-June 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 11.1x.

Indian Share Market Update: Top Gainers and Losers

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