India Infoline (IIFL) has a diversified core business of equity broking and a bunch of other financial services. The company, unlike most of its peers, has been able to maintain its market share at 3.7% from the past three quarters. It also managed to report yields of around 8 basis points, which is much higher than 5-6 bps for the peers. In the December 2011 quarter, the growth of the company was mainly due to higher financing income of 225 crore. The brokerage sector in India is not doing well due to erratic capital markets and a shift in investors' focus on derivatives trading, which is a low revenue generating business. Given this, IIFL's prospects appear bleak in the medium term.
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