IDFC slumps after results
Profit taking for a second day in a row pulled Infrastructure Development Finance Company 5.25% lower to Rs 55 at 9:56 IST on BSE, after good Q2 results. The stock had declined 6.52% to Rs 58.05 yesterday, 22 October 2008, even as it had reported decent Q2 numbers during trading hours. The stock had surged 20.82% to Rs 62.10 on 21 October 2008, ahead of the results. The BSE Sensex was down 443.06 points, or 4.36%, to 9,726.84. On BSE, 27,332 shares were traded in the counter. The stock had an average daily volume of 42.77 lakh shares in the past one quarter. The stock hit a high of Rs 56 and a low of Rs 53.60 so far during the day. The stock has a 52-week high of Rs 235 on 3 January 2008 and a 52-week low of Rs 47 on 10 October 2008. The mid-cap stock had underperformed the market over the past one month till 22 October 2008, declining 28.95% as compared to the Sensex's decline of 27.33%. It had also underperformed the market in the past one quarter, declining 37....