India's IFB Industries surges to 2-mth high in heavy vols

IFB Industries

18/11/2022 07:26

** IFB Industries's shares  IFBI.NS  jump as much as 12.3%
to 1,049.8 rupees, highest since Sept. 15
    ** Stock last up 10.7%, with trading vols 9x its 30-day avg
    ** No immediately apparent trigger for the stock's jump,
which cuts YTD losses to ~11%
    ** Three weeks back, the home appliances maker reported a 2%
fall in Sept-qtr profit on 13% rise in revenue
 (Reporting by Priya Sagar in Bengaluru)
 ((Priya.Sagar@thomsonreuters.com;))