Monday, November 06, 2006

India Infoline up 20% today?

I had written about Indiainfoline a few days ago...the scrip has moved up by around 25% since then. Its up 20% today. Takeover, private placement or just rising with the overall market? Any guesses?

Update: 7-Nov-06: The scrip went further up today. Closed the day at 279, up 11% over the previous close. That means a gain of around 40% since I wrote about it a few days ago...phew!!

Another update: 9-Nov-06: India Infoline is up another 12% today. And is currently quoting at Rs.296. Intra-day high for the scrip was 306.....some run-up this!!

6 comments:

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