IFB Industries Limited originally known as Indian Fine Blanks Limited started its
operations in India in 1974 in collaboration with Heinrich Schmid AG of
Switzerland.It is engaged in the business of manufacturing diverse parts and
accessories for motor vehicles etc. and home appliances products.
Technical View: Recent breakout on chart and formation of Bullish candle on daily
chart indicate positive trend and leading indicator such as RSI indicate stock is at
overbought zone and MACD crossover indicate positive trend.
Volume analysis:- Monthly Delivery volume decrease by 64.26 % and last 5 days
average volume increase by 28.39%, Which indicating positive trend and we
recommend “BUY’ signal @ 1300 upside target 1350 & 1400 keeping stop loss at
Fine Blanking – 4-wheelers 29%, 2-wheelers 67%, Heavy Vehicles 1%, others 3%.
Home Appliance Products – ACs 3.7%, Others 11.8%, Dishwashers 3.7%, Front
Loads 53.5%, ILE/KA/MK 2.4%, Microwaves 9.3%, Top Loads 15.6%.Ecommerce
accounted for 16of total revenue
(Best) P/E Ratio
30 DA Vol (m)
(Best) PEG Ratio
Shares Outstanding (cr)
Best EPS Curr (Rs.)