The block deal constituted 0.13% of the company's equity.Meanwhile, the BSE Sensex was up 226.95 points, or 2.59%, to 8,974.38.On BSE, 47.12 lakh shares were traded in the counter. The stock had an average daily volume of 34.67 lakh shares in the past one quarter.The stock hit a high of Rs 59.25 and a low of Rs 53.65 so far during the day. The stock hit a 52-week high of Rs 235 on 3 January 2008 and a 52-week low of Rs 45 on 27 October 2008.
The mid-cap stock had underperformed the market over the past one month till 3 December 2008, declining 17.20% as compared to the Sensex's decline of 15.38%. It had also underperformed the market in the past one quarter, falling 43.77% as compared to the Sensex's decline of 41.88%.The company's current equity is Rs 1295.22 crore. Face value per share is Rs 10.
The current price of Rs 58.40 discounts the company's Q2 September 2008 annualized EPS of Rs 6.50, by a PE multiple of 8.98.Infrastructure Development Finance Company (IDFC)'s net profit rose 17.3% to Rs 210.43 crore on 40.4% increase in total income to Rs 848.78 crore in Q2 September 2008 over Q2 September 2007.
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.
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