Opinion on IFB Agro Industries

IFB Agro has had a minor breakout. From 95, IFB AGRO can easily scale up to 110 in 2-3 weeks.

On Fri, Oct 29, 2010 at 1:48 PM, ___ wrote:

Please provide us your opinion on IFB Agro; oday it has reported its set of numbers for the current quarter, which are as follows:

IFB Agro Industries reported a 148% jump in net profit to Rs 6.90 crore for the quarter ended September 2010 compared to Rs 2.78 crore in the corresponding quarter of the previous year. Net sales grew 68% to Rs 120 crore (Rs 72 crore) on a y-o-y basis.

The company surpassed its entire previous fiscal's net profit of Rs 4.42 crore in the first six months itself. The company, engaged in beverages and marine products, has reported a net profit of Rs 7.82 crore for the six months ended September 2010.