📅 IFGL Refractories Limited Seasonality

IFGL Refractories Limited (IFGLEXPOR) has ended October higher in 7 of the last 22 years (32%), with an average October move of -2.5%. The strongest October was 2016 (+25.6%) and the weakest was 2008 (-35.6%).

IFGLEXPOR · data since 2004 (23 yrs) Prices through 16 Oct 2026
7/22
Octobers closed higher
-2.5%
Avg October move
-4.4%
October so far
April
Best month · avg +15.9%
February
Weakest month · avg -6.8%
23
Years of history
Current month: October 2026 historically up 32% of years (7/22) avg -2.5% best 2016 +25.6% worst 2008 -35.6% so far -4.4%

IFGL Refractories Limited's historically strongest month is April — up in 20 of 23 years (87%) with an average gain of +15.9%. The weakest month has been February, averaging -6.8% with gains in only 5 of 23 years.

📊 Average return by month

2004–2026 · completed months only
Bars above the zero line are months IFGLEXPOR typically gained; hover for hit rates.

🗓️ Month-by-month returns (2004–2026)

dashed cell = current month to date
Year JanFebMarAprMayJunJulAugSepOctNovDec
Avg -2.6-6.8-2.9+15.9+1.1+0.5+5.3+4.6+6.2-2.5+6.1+5.5
Up % 45%22%39%87%35%43%52%61%61%32%64%45%
2026 -11.8 -7.0 -28.1 +54.3 -8.0 +3.3 +15.6 +0.9 -9.0 -4.4 · ·
2025 -10.6 -15.4 +1.8 -0.5 +50.3 -0.1 -10.5 +2.5 +22.9 -16.0 -11.4 -4.9
2024 +3.2 -31.7 -3.6 +25.5 -11.0 +6.8 -4.6 +3.5 -6.6 -5.4 -15.5 -5.1
2023 -0.2 -13.3 -7.4 +14.7 +22.3 +17.6 +15.7 +21.1 -1.7 +3.1 +68.7 -3.4
2022 -3.3 -16.4 +1.3 +11.7 -7.5 +2.3 +2.5 -7.7 -1.6 -2.2 +9.6 -4.0
2021 -22.0 +9.5 +22.4 +18.2 -2.4 +6.1 +7.0 -23.6 +1.0 -7.8 +0.6 +7.0
2020 +15.5 -9.3 -36.3 +20.9 -10.5 +35.9 -19.1 +34.5 +3.9 -6.0 +23.7 +71.6
2019 -7.3 -5.7 +15.4 -2.6 -10.6 -9.4 -25.5 -1.4 +15.4 -3.5 -12.5 -0.7
2018 +0.4 +0.5 -14.1 +5.7 -11.7 -10.7 +12.5 +10.7 -2.2 +0.6 +1.5 -4.9
2017 +9.3 +10.8 +2.7 +7.2 +5.6 -6.1 +6.3 +17.4 -1.9 +0.0 +14.6 +1.0
2016 -23.3 -7.9 +8.4 +21.1 +13.5 +0.3 +24.4 -6.5 -6.6 +25.6 +5.2 +3.7
2015 +1.6 -12.4 -8.9 +14.3 -12.7 -11.1 +20.6 -3.5 -2.9 -3.3 +1.8 +0.8
2014 +0.1 +0.6 +0.6 +24.0 +61.4 +33.8 -0.1 +14.8 +2.0 -0.6 -18.2 -9.2
2013 -8.7 -6.3 -3.1 +10.2 -17.9 -1.7 -7.1 +12.7 +12.5 +15.2 +57.2 +8.0
2012 +26.6 -2.3 -1.6 +23.8 -10.9 +6.2 -6.1 +15.2 +8.9 -10.1 -11.1 -7.6
2011 -17.5 -14.1 -2.6 +22.1 -11.8 -2.0 -2.3 +0.8 +3.7 +5.1 +6.5 -11.1
2010 +22.7 -9.0 +20.5 +22.9 -19.6 -3.5 +11.1 -19.3 +16.3 -5.7 -13.9 +0.0
2009 -14.8 -5.0 -0.6 +16.4 +34.2 -20.1 -2.7 +27.8 +12.4 -0.6 +14.0 +15.9
2008 -32.7 -10.0 -20.0 +20.6 +1.6 -14.5 +26.8 -2.2 -20.9 -35.6 -12.8 -4.7
2007 +15.0 -4.0 -13.1 -0.8 -4.2 +2.0 -7.0 -10.5 +11.6 +0.2 +7.1 +32.7
2006 +5.4 -1.0 -0.8 +0.2 -15.3 -15.9 -4.2 +7.4 +10.2 +8.6 +0.9 -3.7
2005 -3.7 +3.0 +8.4 +11.2 +2.3 -4.1 +60.1 -2.5 +34.2 -10.1 -0.5 +28.1
2004 · -9.5 -7.9 +24.5 -11.1 -3.4 +9.5 +13.3 +40.2 -7.4 +17.8 +12.2

🏆 Top 25 seasonal picks — October 2026

ranked walk-forward on historical consistency · median stock so far: -1.9%
#StockRecordWin %Avg returnSo far
1 MUTHOOTFIN Muthoot Finance Limited 13/15 yrs up 87% +4.4% -5.1%
2 POKARNA Pokarna Limited 9/10 yrs up 90% +9.7% +1.2%
3 STYRENIX Styrenix Performance Materials Limited 18/22 yrs up 82% +3.7% +2.3%
4 TBZ Tribhovandas Bhimji Zaveri Limited 12/14 yrs up 86% +12.3% +19.5%
5 RAMCOCEM The Ramco Cements Limited 17/22 yrs up 77% +0.6% -4.8%
6 OBEROIRLTY Oberoi Realty Limited 12/15 yrs up 80% +6.1% -3.5%
7 PDSL PDS Limited 9/11 yrs up 82% +9.4% -2.8%
8 MCX Multi Comm. Exc. 11/14 yrs up 79% +8.9% -4.2%
9 INDOTECH Indo Tech Transformers Limited 15/20 yrs up 75% +6.7% -3.8%
10 SUZLON Suzlon Energy Limited 15/20 yrs up 75% +4.8% +6.4%
11 RSYSTEMS R Systems International Limited 15/20 yrs up 75% +4.2% -6.6%
12 IFBAGRO IFB Agro Industries Limited 16/22 yrs up 73% +11.7% -3.1%
13 GMDCLTD Gujarat Mineral Development Corporation Limited 16/22 yrs up 73% +8.5% -7.2%
14 USHAMART Usha Martin Limited 16/22 yrs up 73% +6.0% -1.5%
15 GSFC Gujarat State Fertilizers & Chemicals Limited 16/22 yrs up 73% +4.6% -1.3%
16 ICICIBANK ICICI Bank Limited 16/22 yrs up 73% +4.5% +5.7%
17 SHRIRAMFIN Shriram Finance Limited 16/22 yrs up 73% +2.8% -4.3%
18 KABRAEXTRU Kabra Extrusion Technik Limited 16/22 yrs up 73% +2.2% +0.4%
19 HIRECT Hind Rectifiers Limited 14/19 yrs up 74% +4.7% -2.7%
20 TI Tilaknagar Industries Limited 12/16 yrs up 75% +9.5% +2.0%
21 KECL Kirloskar Electric Company Limited 12/16 yrs up 75% +8.0% -1.9%
22 IMFA Indian Metals & Ferro Alloys Limited 12/16 yrs up 75% +8.0% -0.9%
23 DBREALTY Valor Estate Limited 12/16 yrs up 75% +7.4% -9.7%
24 ATULAUTO Atul Auto Limited 10/13 yrs up 77% +8.3% -5.6%
25 MINDTECK Mindteck (India) Limited 8/10 yrs up 80% +5.1% -2.8%
“So far” = return in the current (incomplete) period. Full methodology and the past-performance record of these lists: Seasonality hub →
Current quarter: Q4 2026 historically up 50% of years (11/22) avg +11.1% so far -4.4%

By quarter, Q2 (Apr–Jun) has been the strongest for IFGLEXPOR: up in 16 of 23 years, averaging +19.1%. Q1 (Jan–Mar) has been the softest (-11.3% on average). The current quarter (Q4) has historically closed higher 50% of the time.

📊 Average return by quarter

Q1 = Jan–Mar … Q4 = Oct–Dec
Calendar quarters, close-to-close. Hover for hit rates.

🗓️ Quarter-by-quarter returns

dashed cell = current quarter to date
Year Q1Q2Q3Q4
Avg -11.3+19.1+16.3+11.1
Up % 36%70%74%50%
2026 -41.0 +46.7 +6.1 -4.4
2025 -23.0 +49.4 +12.8 -29.2
2024 -32.0 +19.4 -7.8 -24.1
2023 -19.9 +65.0 +37.7 +68.0
2022 -18.1 +5.7 -6.9 +3.0
2021 +4.5 +22.5 -17.5 -0.7
2020 -33.2 +47.0 +13.1 +99.5
2019 +0.8 -21.1 -15.3 -16.2
2018 -13.3 -16.7 +21.7 -2.9
2017 +24.4 +6.3 +22.5 +15.7
2016 -23.4 +37.9 +8.6 +37.1
2015 -19.0 -11.3 +13.0 -0.7
2014 +1.3 +167.9 +17.0 -26.2
2013 -17.1 -11.0 +17.8 +95.6
2012 +21.6 +17.1 +17.8 -26.1
2011 -30.9 +5.6 +2.1 -0.5
2010 +34.5 -4.6 +4.3 -18.8
2009 -19.5 +24.8 +39.7 +31.3
2008 -51.5 +4.8 -1.8 -46.5
2007 -4.1 -3.0 -7.2 +42.5
2006 +3.6 -28.6 +13.4 +5.5
2005 +7.5 +9.1 +109.5 +14.7
2004 · +6.9 +74.0 +22.5

🏆 Top 25 seasonal picks — Q4 2026

ranked walk-forward on historical consistency · median stock so far: -1.9%
#StockRecordWin %Avg returnSo far
1 RHIM RHI MAGNESITA INDIA LIMITED 13/14 yrs up 93% +14.0% -3.8%
2 APOLLOHOSP Apollo Hospitals Enterprise Limited 19/22 yrs up 86% +6.2% -3.4%
3 RSYSTEMS R Systems International Limited 17/20 yrs up 85% +24.7% -6.6%
4 STAR Strides Pharma Science Limited 18/22 yrs up 82% +6.3% -6.7%
5 DRREDDY Dr. Reddy's Laboratories Limited 18/22 yrs up 82% +4.5% +0.0%
6 PROZONER Prozone Realty Limited 12/14 yrs up 86% +19.8% -3.9%
7 POLYMED Poly Medicure Limited 12/14 yrs up 86% +9.2% -4.8%
8 INDOTECH Indo Tech Transformers Limited 16/20 yrs up 80% +23.2% -3.8%
9 TI Tilaknagar Industries Limited 13/16 yrs up 81% +22.7% +2.0%
10 FIEMIND Fiem Industries Limited 15/19 yrs up 79% +14.2% +2.2%
11 BSOFT BIRLASOFT LIMITED 17/22 yrs up 77% +21.8% +17.1%
12 SONATSOFTW Sonata Software Limited 17/22 yrs up 77% +20.2% -4.0%
13 FACT Fertilizers and Chemicals Travancore Limited 17/22 yrs up 77% +20.1% -3.3%
14 TVSHLTD TVS Holdings Limited 17/22 yrs up 77% +15.4% -5.0%
15 APARINDS Apar Industries Limited 17/22 yrs up 77% +15.1% -7.8%
16 STYRENIX Styrenix Performance Materials Limited 17/22 yrs up 77% +11.0% +2.3%
17 EPL EPL Limited 17/22 yrs up 77% +10.4% -2.1%
18 TORNTPHARM Torrent Pharmaceuticals Limited 17/22 yrs up 77% +8.5% -5.0%
19 WIPRO Wipro Limited 17/22 yrs up 77% +8.4% +16.3%
20 HINDALCO Hindalco Industries Limited 17/22 yrs up 77% +7.6% -3.6%
21 VTL Vardhman Textiles Limited 17/22 yrs up 77% +7.4% -0.5%
22 HDFCBANK HDFC Bank Limited 17/22 yrs up 77% +6.2% +2.8%
23 COROMANDEL Coromandel International Limited 17/22 yrs up 77% +5.9% +0.0%
24 ASIANPAINT Asian Paints Limited 17/22 yrs up 77% +4.3% -2.9%
25 JPOLYINVST Jindal Poly Investment and Finance Company Limited 10/12 yrs up 83% +34.9% +2.1%
“So far” = return in the current (incomplete) period. Full methodology and the past-performance record of these lists: Seasonality hub →
❓ IFGLEXPOR seasonality — FAQ
How often does IFGL Refractories Limited rise in October?
Historically IFGLEXPOR has closed October with a gain in 7 out of 22 years — a 32% hit rate — averaging -2.5% for the month (data since 2004).
Which is the best month to buy IFGL Refractories Limited historically?
Based on 23 years of data, April has been IFGLEXPOR's strongest month: positive in 87% of years with an average return of +15.9%. Past seasonality does not guarantee future results.
Which is the weakest month for IFGL Refractories Limited?
February has historically been the weakest month for IFGLEXPOR, with an average move of -6.8% and gains in just 5 of 23 years.
Which quarter is historically strongest for IFGL Refractories Limited?
Q2 (Apr–Jun) — positive in 16 of 23 years with an average return of +19.1%.
Does seasonality guarantee future returns?
No. Seasonality is a historical tendency, not a prediction. It reflects how a stock happened to trade in past calendar periods and can break at any time. Use it as one research input alongside fundamentals and technicals, and consult a SEBI-registered adviser before investing.

Methodology: returns are close-to-close over calendar months and quarters, computed from adjusted daily prices since 2004. A period's return is only counted when the immediately preceding period also traded. Statistics cover completed periods; the current period is shown separately as “so far”. Seasonality is a historical tendency, not a prediction or investment advice. Consult a SEBI-registered adviser before investing.

⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI