While the sensex is surely getting back to its glory and the market watchers are of a view that sectors like IT & FMCG will continue to stay in the limelight. However, almost all the sectors are touching unexpected targets at this moment but the analysts expect the trend to continue especially in the small and mid-cap stocks.

Harendra Kumar, head-institutional equities, Elara Capital said that he expects the Nifty to touch the level of 6,000-, 6050.

Stock market analysts have maintained 'buy' rating on India Infoline Ltd with an intraday target above Rs 154.

According to them, interested traders can purchase the stock around Rs 148-150 with a strict stop loss of Rs 145. If the stock market remains positive, the stock pricing becomes more attractive, and reach above Rs 157.

Shares of the company, on Friday (Oct 23), closed at Rs 148.85 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 3.75 and 40.04 respectively. The share price has seen a
52-week high of Rs 173.25 and a low of Rs 34.40 on BSE.

India Infoline, leading financial services provider, has informed that its consolidated net profit surges by 44.27 per cent to Rs 58 crore for the second quarter ended September 30, over the same period last year.

The company had posted net profit of Rs 40.21 crore for the quarter ended September 30, 2008.

Further, company's total income also rose to Rs 313.6 crore in the latest quarter, against Rs 276.6 crore in the same period last fiscal.

In its latest research report, Nirmal Bang, an equity research firm said that India Infoline Ltd can give good returns in the short term.

According to Nirmal Bang Research, interested traders can buy the stock with a strict stop loss of Rs 127.

The report also stated that, if the counter is successful to breach 145, then it will hit a target of Rs 160.

Nirmal Bang, one of the leading equity research-cum-broking house, has recommended a buy on India Infoline Ltd with a target of Rs 145 in the short term.

The report further stated that, if the counter is successful to breach 145, then it will hit a target of Rs 160.

In addition, the firm has suggested a support level for the scrip at Rs 126.

Today (Sep 04), the shares of the company opened at Rs 135.95 on the Bombay Stock Exchange (BSE). Current EPS and P/E of the stock stood at 3.75 & 35.47 respectively. The share price has seen a 52-week high of Rs 173.25 and a low of Rs 34.40 on BSE.

The Mumbai police has arrested Rajamani Venkatraman (42) co-promoter and executive director of India Infoline, a well-reputed domestic stock brokerage firm, on charges of allegedly cheating Aarti Gunjikar (43), a housewife from Khar.

Aarti stated in her complain that, she had deposited Rs 13 lakh in her (Gunjikar and her husband) demat account to purchase shares. But the amount has been misused by the company’s director without her knowledge, to trade to the extent of Rs 59 crore just to generate brokerage (Rs 2.66 lakh) for the company.

The India lnfoline has entered into a strategic agreement with Interactive Brokers, LLC (USA) to provide its clients direct market access to over 80 global exchanges in 18 countries.

Pursuant to the strategic agreement, India lnfoline clients will have the opportunity to globally diversify their portfolios.