Name: Latest research reports of IFB Industries Ltd. authored by Centrum Broking and published by - Trendlyne research reports.
Item: IFB Industries Ltd.
Rating: 3
Author: Centrum Broking

IFB Industries Ltd.

NSE: IFBIND | BSE: 505726 | ISIN: INE559A01017 | Industry: Household Appliances
| Mid-range Performer

1359.2000 -1.50 (-0.11%)

NSE Apr 17, 2025 15:31 PM

42.40% Fall from 52W High

Volume: 46,730

IFB Industries Ltd.

06 Nov 2017

1359.20

-0.11%

IFB Industries

Hold: IFB Industries Ltd.

Centrum Broking

On right track with revenue growth and margins expansion We maintain our Hold rating on IFB Industries with a revised TP of Rs790 (28x FY19E EPS). We believe that positives of the current quarter are captured in the stock price post the steep 25% rally in last one month. We increase our target multiple factoring re-rating in the consumer durable sector post the healthy revenue growth across players. Increasing distribution reach strategy of the management to drive volume growth has started to bear fruit with strong growth across categories. New product launches coupled with mix change and domestic manufacturing would drive margins...

IFB Industries Ltd. is trading above its 50 day SMA of 1229.0