IDFC slips on profit booking

IDFC fell 2.31% to Rs 122.65 at 14:39 IST on BSE on profit booking after the stock rose 14.92% in the preceding six trading sessions to Rs 125.55 on 28 March 2014 from a recent low of Rs 109.25 on 21 March 2014.

Meanwhile, the BSE Sensex was up 4.77 points, or 0.02%, to 22,344.74.

On BSE, so far 22.17 lakh shares were traded in the counter, compared with an average volume of 10.05 lakh shares in the past one quarter.

The stock hit a high of Rs 128.65 and a low of Rs 120.30 so far during the day. The stock hit a 52-week high of Rs 165.45 on 17 May 2013. The stock hit a 52-week low of Rs 76.25 on 28 August 2013.

The stock had outperformed the market over the past one month till 28 March 2014, rising 33.63% compared with the Sensex's 5.78% rise. The scrip had also outperformed the market in past one quarter, rising 18.39% as against Sensex's 5.41% rise.

The large-cap company has an equity capital of Rs 1516.29 crore. Face value per share is Rs 10.

IDFC's consolidated net profit rose 10% to Rs 500.68 crore on 3.7% growth in total income to Rs 2122.84 crore in Q3 December 2013 over Q3 December 2012.

IDFC is an integrated infrastructure finance player providing end to end infrastructure financing and project implementation services. The company also offers asset management services through IDFC Mutual Fund.

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