IIFLSEC.NSE IIFL Securities Limited

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

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

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

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