India Infoline

India Infoline expresses bullish sentiment for Maruti

India Infoline expresses bullish sentiment for Maruti

Bullish sentiment was expressed by India Infoline Research on Maruti Suzuki. India Infoline Research has further recommended buy rating on the stock with a target of Rs 1475, in its March 30, 2010 research report.

It was specified that Maruti Suzuki has witnesses a serious correction from a high of Rs 1,520 in early March 2010 to a low of Rs 1,360 last week, which was a panic bottom and the stock has hiked up to the existing levels without a retest of this low.

Orient Global exits two unlisted arms of India Infoline at a loss

India-Infoline-LogoIt has appeared that the two year old investment is being left by Singapore's Orient Global Tamarind Fund Pte Ltd (Orient Global) at a loss, in separate insurance services and consumer finance arms of India Infoline Ltd.

A sum of $375M was invested by the Singapore-based fund in India Infoline and its subsidiaries and now it exited with just around $162M.

India Infoline net profit rises 44%

India Infoline has reported 44% jump in its consolidated net profit for the quarter ended September 30, 2009.
During the quarter under review, the company has posted a consolidated net profit of Rs 58.02 crore as compared to Rs 40.21 crore in the corresponding quarter of last fiscal.

Company's total income has also surged to Rs 313.60 crore in the reporting quarter as compared to Rs 276.67 crore for the quarter ended September 30, 2008.

India Infoline ties-up with Interactive Brokers LLC

India Infoline ties-up with Interactive Brokers LLCThe India lnfoline group has informed that it has inked a mutual agreement with Interactive Brokers, LLC (USA).

Under this tie up, the group will provide its clients direct market access to over 80 worldwide exchanges in 18 countries.

In conformance to the strategic agreement, India lnfoline clients will have the opportunity to globally diversify their portfolios.