IFB Industries shares post best month in ten months
IFB Industries Ltd. (NSE:IFBIND), India's 3rd largest Household appliances company by market cap, has climbed Rs44.05 (or 6.9%) in the past month to close at Rs681.0. Compared with the BSE SENSEX Index which fell 152.6 points (or 0.4%) in the past month, this represented a relative price increase of 7.3%. The volume for the past month was 0.4 times average trading per month of 1.1 million shares. In the past month the market cap has jumped Rs2.3 billion to Rs27.6 billion (US$388.4 million). The shares had their best month in ten months since the month ended March 20, 2019. There were 12,906 shares worth Rs8.8 million (US$124,578) traded today. Today the stock traded between its six-day high of Rs692.0 and three-day low of Rs678.0.
Technical indicators complementing today's significant uptrend:
+ The positive 3.44 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.
+ In the last three months the stock has hit a new 52-week high sixteen times, pointing to a significant uptrend