India Infoline Rises on CLSA Pouching and results

InfiaInfoline has posted good results.India Infoline’s net profit soared 56.68% to Rs 16.06 crore in the quarter ended March 2007, from Rs 10.25 crore in the quarter ended March 2006. Sales soared 1296.42% to Rs 238.09 crore in the year ending March 2007 (Rs 17.05 crore).

Net profit advanced 96.90% to Rs 52.12 crore in the year ended March 2007, from Rs 26.47 crore in FY 2006. Sales galloped 503.53% to Rs 269.78 crore (Rs 44.70 crore).

The India Infoline Stock is up 40% today on BSE.

Just over the weekend, India Infoline has puched 4 key personnel from CLSA Securities at a whopping Rs 16 crore sign-on bonus, thing never heard off in the Indian stock broking industry. Lets see how logn this mania continues 🙂