Sep. 16, 2010 - IFGL Refractories tumbled 5.55% to Rs 58.70 at 15:19 IST on profit booking after the stock jumped 11.18% in the preceding trading session.
Meanwhile, the BSE Sensex was down 102.26 points, or 0.52%, to 19,399.85.
On BSE, 1.08 lakh shares were traded in the counter as against an average daily volume of 27,437 shares in the past one quarter.
The stock hit a high of Rs 62 and a low of Rs 58.10 so far during the day. The stock had hit a 52-week high of Rs 73.40 on 10 May 2010 and a 52-week low of Rs 26 on 23 September 2009.
The IFGL Refractories stock had jumped 11.18% to Rs 62.15 on Wednesday, 15 September 2010 after the company allotted 14.50 lakh non-cumulative preference shares of Rs 100 each on private placement basis to the promoter group.
Shares of IFGL Refractories have rallied sharply in past few days. It had 21% to Rs 62.15 on Wednesday, 15 September 2010 from a recent low of Rs 51.40 on 8 September 2010.
The stock outperformed the market over the past one month till 15 September 2010, gaining 21.15% compared with the Sensex's 7.35% jump. It also outperformed the market in past one quarter, rising 18.72% as against 12% rise in the Sensex.
The small-cap maker of refractories used in the steel industry, has an equity capital of Rs 34.61 crore. Face value per share is Rs 10.
IFGL Refractories has decided to raise Rs 14.50 crore from issue of preference shares to the promoter group. The preference shares are redeemable at the end of 10 years from the date of allotment or any earlier date at the option of the company. However, the preference shares will not be redeemed within the initial period of 3 years from the date of allotment.
On a consolidated basis, IFGL Refractories' net profit plunged 34.5% to Rs 4.69 crore on 32.3% rise in net sales to Rs 102.89 crore in Q1 June 2010 over Q1 June 2009.
Meanwhile, the BSE Sensex was down 102.26 points, or 0.52%, to 19,399.85.
On BSE, 1.08 lakh shares were traded in the counter as against an average daily volume of 27,437 shares in the past one quarter.
The stock hit a high of Rs 62 and a low of Rs 58.10 so far during the day. The stock had hit a 52-week high of Rs 73.40 on 10 May 2010 and a 52-week low of Rs 26 on 23 September 2009.
The IFGL Refractories stock had jumped 11.18% to Rs 62.15 on Wednesday, 15 September 2010 after the company allotted 14.50 lakh non-cumulative preference shares of Rs 100 each on private placement basis to the promoter group.
Shares of IFGL Refractories have rallied sharply in past few days. It had 21% to Rs 62.15 on Wednesday, 15 September 2010 from a recent low of Rs 51.40 on 8 September 2010.
The stock outperformed the market over the past one month till 15 September 2010, gaining 21.15% compared with the Sensex's 7.35% jump. It also outperformed the market in past one quarter, rising 18.72% as against 12% rise in the Sensex.
The small-cap maker of refractories used in the steel industry, has an equity capital of Rs 34.61 crore. Face value per share is Rs 10.
IFGL Refractories has decided to raise Rs 14.50 crore from issue of preference shares to the promoter group. The preference shares are redeemable at the end of 10 years from the date of allotment or any earlier date at the option of the company. However, the preference shares will not be redeemed within the initial period of 3 years from the date of allotment.
On a consolidated basis, IFGL Refractories' net profit plunged 34.5% to Rs 4.69 crore on 32.3% rise in net sales to Rs 102.89 crore in Q1 June 2010 over Q1 June 2009.
