India Infoline is currently trading at Rs. 50.20, up by 0.15 points or 0.30% from its previous closing of Rs. 50.05 on the BSE.
The scrip opened at Rs. 50.90 and has touched a high and low of Rs. 50.90 and Rs. 48.50 respectively. So far 39163 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 91.20 on 29-Jun-2011 and a 52 week low of Rs. 42.80 on 02-Jan-2012.
Last one week high and low of the scrip stood at Rs. 50.90 and Rs. 43.55 respectively. The current market cap of the company is Rs. 1444.45 crore.
The promoters holding in the company stood at 31.63% while Institutions and Non-Institutions held 43.47% and 24.91% respectively.
India Infoline has acquired 0.93% equity shares of India Infoline Marketing Services (IIMSL) held by Bennett, Coleman & Company, thereby making IIMSL its wholly owned subsidiary (WOS). The board at its meeting held on January 10, 2012 has considered and taken the note of the above.
The board has also approved the merger of IIMSL with the company pursuant to section 391 to 394 of the Companies Act, 1956 and subject to necessary regulatory and court approvals. The appointed date of the merger is April 1, 2011 and as IIMSL is WOS of the company, the proposed merger will not involve any consideration.
Further, the board noted the acquisition of 371,151 equity shares of India Infoline Finance, the NBFC subsidiary of the company by Bennett, Coleman & Company.
India Infoline offers financial services ranging from equities, derivatives, commodities, wealth management, asset management, insurance, fixed deposits, loans, investment banking, GoI bonds and other small savings instruments.
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MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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