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May 15, 2012, 03.23 PM IST

India Infoline up 11% after strong growth in Q4 earnings

Shares of India Infoline shot up more than 11% on Tuesday after excellent performance reported by the company in fourth quarter earnings.

Source: Moneycontrol.com
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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.


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