India's IFGL Refractories extends record-high rally

IFGL Refractories

22/11/2023 09:22

** IFGL Refractories  IFGL.NS  extends November rally,
rising as much as 7.6% to a new record high of 873 rupees
    ** Stock of the steel equipment maker up roughly 70% since
it reported a rise in Q2 earnings on Nov. 4
    ** Co's net profit almost doubles Y/Y
    ** Share price above 50-day, 100-day and 200-day exponential
moving averages since Oct. 31
    ** More than 220,000 shares change hands by 2:22 p.m. IST,
2.1x of 30-day avg
    ** Stock up 227% YTD    
    
    

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))