SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

IFGL Refractories surges on plan to acquire 5,80,500 equity shares of IEL

28 Mar 2012 Evaluate

IFGL Refractories is currently trading at Rs. 38.35, up by 0.45 points or 1.19% from its previous closing of Rs. 37.90 on the BSE.

The scrip opened at Rs. 39.50 and has touched a high and low of Rs. 39.50 and Rs. 37.60 respectively. So far 6820 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 48.00 on 14-Feb-2012 and a 52 week low of Rs. 27.75 on 05-Aug-2011.

Last one week high and low of the scrip stood at Rs. 41.45 and Rs. 37.00 respectively. The current market cap of the company is Rs. 132.73 crore.

The promoters holding in the company stood at 71.30% while Institutions and Non-Institutions held 2.87% and 25.84% respectively.

IFGL Refractories has received an approval to acquire/purchase further 5,80,500 equity shares of Rs 10 each fully paid up of IFGL Exports (IEL) from promoters so as to make IEL as 51% subsidiary of the company. The board at its meeting held on March 26, 2012 has approved for the same.

IEL has recently set up facilities for manufacture of continuous casting refractories at new area of Kandla Special Economic Zone in Gujarat.

IFGL Refractories, the flagship company of S K Bajoria Group, is engaged in the manufacture of specialized refractories and requisite operating systems for the Steel Industry. 

Peers

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×