IDFC hits three-month high; operating profit beats some estimates

Reuters Market Eye - IDFC rises as much as 4 percent to 154.25 rupees.

Marks highest level since July.

Strong non-interest income boosted operating profits to 9 billion rupees, say traders.

IDFC Sept-quarter profit fell 14 percent to 4.21 billion rupees ($68.64 million).

Also, IDFC board approved demerger of financing undertaking.

($1 = 61.3325 rupee)

(Reporting by Abhishek Vishnoi)