Infrastructure Development Finance Company rose 1.95% to Rs 159.35 at 10:53 IST after net profit rose 19.1% to Rs 250.72 crore on a 5.7% increase in total income to Rs 896.76 crore in Q2 September 2009 over Q2 September 2008.
The results were announced during trading hours today, 23 October 2009.
Meanwhile, the BSE Sensex was up 161.39 points, or 0.96%, to 16951.27.
On BSE, 7.48 lakh shares were traded in the counter as against an average daily volume of 28.65 lakh shares in the past one quarter.
The stock hit a high of Rs 159.80 and a low of Rs 157.15 so far during the day. The stock had hit a 52-week high of Rs 162.50 on 20 October 2009 and a 52-week low of Rs 44.15 on 12 March 2009.
The stock had outperformed the market over the past one month till 22 October 2009, rising 5.75% as compared to the Sensex 0.57% rise. It outperformed the market in past one quarter, soaring 18.19% as against 13.11% rise in the Sensex.
The large-cap infrastructure projects financier has an equity capital of Rs 1295.50 crore. Face value per share is Rs 10.
The current price of Rs 159.35 discounts the company's Q1 June 2009 annualised EPS of Rs 7.52, by a PE multiple of 21.19.
On consolidated basis, the net profit rose 25.6% to Rs 291.84 crore on a 9.3% increase in total income to Rs 1034.35 crore in Q2 September 2009 over Q2 September 2008.
Infrastructure Development Finance Company (IDFC) provides infrastructure-financing services. It provides financing products and fee based services to infrastructure projects and asset management. The group also provides advisory services on energy, telecommunications and transportation sectors to the Government and corporate clients.