IFB Industries is a home grown white appliances company with dominant position in washing machines. Given low penetration levels for such appliances, the long term prospects are excellent. IFB is well placed with good success in new product introduction. Recent global pandemic and lockdown has made consumers realize the importance of home appliances. Post lifting of lockdown , the demand for company’s products has been extremely strong. We have an over weight rating due to good long term prospects ands and reasonable valuations – 14-07-2020 Price: 388.30 Rating: Over Weight Recommendation: Hold
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