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.
IIFL Holdings board meeting will be held on Friday
The proposed investment is by way of compulsorily
Reacting to the news Nirmal Jain, Chairman of IIFL
The country's strong macro-economic fundamentals w