Indiabulls Financial surges almost 3% on better Q2 numbers

Indiabulls Financial Services, one of India's leading non-banking financial companies, surged on Monday after it has reported a rise of 30.84% in consolidated net profit to Rs 3 billion for the quarter ended Sept 30, 2012 as compared to Rs 2.29 billion in the same period last year.

Consolidated total income has increased by 30.87% to Rs 11.73 billion for the quarter ended Sept 30, 2012 from Rs 8.96 billion in the year ago period. Shares ofthe companyare trading at Rs 236.45, up Rs 6.85, or 2.98% at the Bombay Stock Exchange (BSE) on Monday at 1:11 p.m.The scrip has touched an intra-day high of Rs 237.60 and low of Rs 226. The total volume of shares traded at the BSE is 321,512.In the earlier session, the shares climbed 0.86%, or Rs 1.95, at Rs 229.60. Currently, the stock is trading down 8% from its 52-week high of Rs 257 and above 102.44% over the 52-week low of Rs 116.80.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 220.20 9.40 4.27 1 Month 207.05 22.55 10.89 3 Months 238.05 (8.45) (3.55) 6 Months 213.45 16.15 7.57 1 Year 163.40 66.20 40.51 Note: Based on previous day closing price.