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Infotech Enterprises rallies on good Q4 earnings-news18042012


Infotech Enterprises' shares jumped over 10% and touched the 52-week high at Rs182, after consolidated net profit jumped 113.38% to Rs65.98 crore on 0.15% growth in net sales to Rs417.18 crore in Q4 March 2012 over Q3 December 2011.


For the Year ended March 31, 2011

On a consolidated basis, Infotech Enterprises' net profit rose 13.99% to Rs 151.37 crore on 30.72% growth in net sales to Rs 1552.97 crore for the year ended 31 March 2012 over the year ended 31 March 2011.

Infotech Enterprises' board at a meeting held today, (April 18, 2012), recommended a dividend of Rs 1.25 per share for the year ended March 2012.

Infotech Enterprises closed at Rs167.05, up by 1.27%, with a volume of 1.18 lakh shares on the BSE.
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