i Develop Stocks Advisory

IFCI vaults 15.6% higher on strong Q4 numbers IFCI led the volume chart, with around 3.45 crore shares changing hands. It ended the day at Rs 58.80, 15.63 per cent higher as the firm announced a strong set of Q4 numbers. Net profit has shot up 146.5 per cent to Rs 318.94 crore in the fourth quarter ended March 2008 on a y-o-y basis, while its net sales grew 58.8 per cent to Rs 574.4 crore. The stock hit an intra-day high of Rs 59.90 and a low of Rs 50.05. The stock had hit a 52-week high of Rs 121.2 on December 17, 2007, and a 52-week low of Rs 36.60 on April 24, 2007. The stock has increased 44 per cent in the past one month alone.