India Infoline stock surges over 30%

Mumbai May 28 | Updated: May 29 2007, 05:30am hrs
The stock price of domestic brokerage firm India Infoline surged by a record 30.23% or Rs 134.80 on the Bombay Stock Exchange (BSE) on Monday following the news hitting the market that the company has inducted four top officials of the foreign brokerage CLSA.

The main reason for the sharp rise in the stock price of India Infoline which analyst attribute is the unavailability of circuit filter since the stock is included in the F&O segment. The investors took advantage of it and hence the price soared to a record high.