May 15, 2012, 03.23 PM | Source: Moneycontrol.com
Shares of India Infoline shot up more than 11% on Tuesday after excellent performance reported by the company in fourth quarter earnings.
Company posted a massive growth of 30.56% quarter-on-quarter in its consolidated net profit at Rs 47 crore for the fourth quarter of FY12.
Consolidated income from operations increased 32% to Rs 632 crore for the January-March quarter of 2012 as against Rs 479 crore in October-December quarter of 2011.
At 15:16 hours IST, the stock was quoting at Rs 51.05, up Rs 5.15, or 11.22%.
Even its trading volumes jumped 565% to 2,71,463 shares as compared to its 5-day average of 40,850 shares.
Giving an outlook for the company, Prabodh Agrawal
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