Shares in IDFC rose as much as 4 per cent to a day high of Rs 154.30 on Friday, its highest level since last July as its Q2 earnings beat estimates.
Strong non-interest income boosted operating profits to Rs 900 crores, say traders.
IDFC Sept-quarter profit fell 14 per cent to Rs 421 crore.
IDFC board has also approved demerger of financing undertaking, which the street took positively.
Copyright: Thomson Reuters 2014
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