09-10-2023 11:51 AM | Source: Accord Fintech
IFL Enterprises rises on bagging order worth Rs 72.98 crore

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IFL Enterprises is currently trading at Rs. 14.60, up by 0.22 points or 1.53% from its previous closing of Rs. 14.38 on the BSE.

The scrip opened at Rs. 14.40 and has touched a high and low of Rs. 16.00 and Rs. 13.95 respectively. So far 1226561 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 16.90 on 21-Sep-2023 and a 52 week low of Rs. 7.33 on 18-Oct-2022.

Last one week high and low of the scrip stood at Rs. 16.00 and Rs. 13.50 respectively. The current market cap of the company is Rs. 331.10 crore.

The promoters holding in the company stood at 1.21%, while Non-Institutions held 98.79% stake in the company.

IFL Enterprises has received a substantial order valued at Rs 72.98 crore from a renowned international client. This order marks a significant milestone for the company and is a testament to the company’s commitment to delivering quality products and services. It is fully committed to fulfilling this order efficiently and exceeding its client's expectations. The order is expected to boost the company’s top line significantly.

In addition to the order mentioned above, the company anticipates further business opportunities in the coming months. IFL has secured commitments for orders worth approximately A$115 million (Rs 609.62 crore) over the next 18 months. These orders encompass a diverse range of products and are expected to contribute significantly to the company’s revenue growth and profitability in the long run.

IFL Enterprises is involved in the business of acquisition, trading of shares, stocks, bonds etc. It also carries on the business of all kinds of fabrics and other similar products. It offers a diverse product range which includes heavy fabric and fabric related items.