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 Ltd has declared that the company's consolidated net profit from ordinary actions after tax and minority interests arose 44% to Rs 58.03 crore as against Rs 40.21 crore during the corresponding period last year.

The company's total income grew to Rs 313.61 crore as compared to Rs 276.68 crore during the year ago quarter.

On a standalone basis, India Infoline second quarter net profit after tax climbed up to Rs 35.43 crore as compared to Rs 32.23 crore during the year ago quarter.

The company's total income came up to Rs. 207.85 crore from Rs. 163.96 crore in the same quarter last year.

Moreover, India Infoline Investment Services on Oct 09 announced that its directors have sanctioned the appointment of M N Singh and A K Purwar as independent directors on the company's board.

Mr. M N Singh is the former Director-General of Police whereas Purwar is former Chairman of SBI.