IFB Industries’ stock surged 5% Thurs, breaking resistance at ₹860. Immediate resistance is at ₹910, with potential to reach ₹960 & ₹1,020. Traders can go long, accumulate on dips at ₹878, & trail stop-loss up to ₹905, ₹975, & ₹1,015. Risk of loss in trading.

Stock to buy today: IFB Industries (₹892.60)

Net Sales are expected to increase by 11 percent Y-o-Y (up 17.7 percent Q-o-Q) to Rs. 1,159.8 crore, according to Nirmal Bang.

IFB Industries Q1 PAT seen up 81.2% YoY to Rs. 3.6 cr: Nirmal Bang

The stake was bought at an average of Rs 800 per share, through the open market on June 6.

IFB Industries shares gain 5.5% after Societe Generale picks up stake

There is a shift from age-old localised laundry solutions to in-house laundries especially among hotels, hospitality and healthcare sectors, says B.Krishnamoorthy, Business Head-Commercial Appliances, IFB Industries Ltd.

IFB’s clean act in commercial laundry space

IFB Industries share price: The stock traded higher than the 5-day, 20- and 50-day moving averages but lower than the 100-day and 200-day moving averages. The counter’s 14-day relative strength index (RSI) came at 65.16. A level below 30 is defined as oversold while a value above 70 is considered ov…

IFB Industries shares reclaim Rs 850 level, up 22% from 52-week low; time to book profit?

IFB Industries Consolidated December 2022 Net Sales at Rs 999.16 crore, up 4.83% Y-o-Y

IFB Industries Standalone December 2022 Net Sales at Rs 976.79 crore, up 5.84% Y-o-Y

IFB Industries fell 1.32% to Rs 840.80 after the company reported a consolidated net loss of Rs 1.14 crore in Q3 FY23 as against a net loss of Rs 3.21 crore in Q3 FY22.

IFB Inds slips after weak Q3 performance

IFB Industries reports consolidated net loss of Rs 1.14 crore in the December 2022 quarter

IFB Industries consolidated net profit declines 1.91% in the September 2022 quarter

Net Sales are expected to increase by 7.6 percent Y-o-Y (down 0.2 percent Q-o-Q) to Rs. 1,065.4 crore, according to Yes Securities.

IFB Industries Q2 PAT seen up 43.4% YoY to Rs. 35.3 cr: Yes Securities

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

IFB Industries Limited is engaged in engineering and manufacturing of diverse parts and accessories for motor vehicles.