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Fairfax Financial Holdings offloaded 5.89% stake in IIFL Securities on August 16.

Shares of IIFL Securities gain after bulk deal

Shobha Gangwal sold 1.15 crore shares, which is equivalent to 2.99 percent of paid-up equity, in IndiGo via three block deals.

Bulk deals | Promoter Shobha Gangwal exits InterGlobe Aviation, Fairfax Financial Holdings offloads 5.89% stake in IIFL Securities

For the June quarter, the company reported a 71.3 YoY percent increase in net profit at Rs 74.7 crore. Revenue came in at Rs 409.1 crore, up 40.3 percent from the year-ago period

IIFL Securities gains 5% after huge block deal

ISL Consolidated June 2023 Net Sales at Rs 409.08 crore, up 40.31% Y-o-Y

Sebi had on June 20 prohibited IIFL Securities from accepting new clients for two years. After the stay on the orde, the IIFL Securities stock rallied over 5.5 percent on the NSE

SAT stays Sebi ban on IIFL Securities from adding clients

Though the merger has not been called off, clients are left wondering if they should continue trading with 5Paisa since it is a sister company of IIFL Securities.

IIFL Securities-5 Paisa Merger: Now what?

IIFL Securities, in a regulatory statement, added that the order does not affect company’s business with the existing clients.

IIFL Securities to approach SAT on SEBI's order to ban onboarding new clients for 2 years

ICICI Direct recommended hold rating on IIFL Securities with a target price of Rs 65 in its research report dated April 27, 2023.

Hold IIFL Securities; target of Rs 65: ICICI Direct

ISL Consolidated March 2023 Net Sales at Rs 401.90 crore, up 15.9% Y-o-Y

ISL Standalone March 2023 Net Sales at Rs 342.71 crore, up 8.19% Y-o-Y

IIFL Securities Ltd. is an institutional broking house and investment advisory firm. It provides diversified financial services and products to corporates, institutional investors, foreign portfolio investors, mutual funds, insurance companies, alternative investment funds, trusts, high net worth individuals, and retail clients. The company was founded on March 21, 1996 and is headquartered in Thane, India.

Watchers	20
52-Wk Low	48.20
52-Wk High	82.55

Market Cap	23.9B
Volume (M)	5.02M
52-Wk High	82.55
52-Wk Low	48.20

IIFLSEC.NSE IIFL Securities Limited

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