IIFL Securities zooms 73% in 2 mths, hits new high on strong earnings hope

Quick Summary:

IIFL Securities' stock hit a new high of Rs 372, after having skyrocketed 203 per cent so far in financial year 2024-25.

Margin expansion led by better operating leverage drove an even faster growth in profits."With equity markets hitting new highs, the cyclical tailwinds for our businesses remain benign," the management had said.

Financial products distribution (FPD) revenues went up by 25 per cent YoY, while FPD asset under management (AUM) stood at Rs 29,049 crore.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Markets FPD Financial products distribution IIFL Capital Services AUM Investment banking services SIP IIFL Securities share Asset under management Institutional research

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-01 @ 13:04:43 (12 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 683 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 27 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 22832338

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