May 15, 2012, 07.19 PM | Source: Moneycontrol.com
Brokerage firm India Infoline has reported 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.
Chairman Nirmal Jain said equity brokerage business of the company grew 16% quarter-on-quarter. However, he sees first quarter of FY13 slightly weak.
Financing and investment income rose 36% to Rs 391 crore and distribution & marketing income went up 109% to Rs 93.5 crore year-on-year.
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.
Ashwani Gujral of ashwanigujral.com recommends buy
The stock jumped 11.44 percent to Rs 315.50 on BSE
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