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HomeFinanceIIFL Finance stocks: Buy IIFL Finance, target price Rs 378: HDFC Securities

IIFL Finance stocks: Buy IIFL Finance, target price Rs 378: HDFC Securities

Securities has buy call on IIFL Finance with a target price of Rs 378. The current market price of . is Rs 350.35. Time period given by analyst is 2 weeks when Ltd. price can reach defined target.

IIFL Finance Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 13338.36 Crore) operating in NBFC sector.

IIFL Finance Ltd. key Products/Revenue Segments include Interest, Income From Financial Services, Income From Sale Of Share & Securities, Dividend and Fees & Commission Income for the year ending 31-Mar-2022.

Smart Talk

Financials

For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 1975.18 Crore, up 3.00 % from last quarter Total Income of Rs 1917.65 Crore and up 28.96 % from last year same quarter Total Income of Rs 1531.67 Crore. Company reported net profit after tax of Rs 329.72 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 24.9 per cent stake in the company as of 30-Jun-2022, while FIIs owned 23.05 per cent, DIIs 2.71 per cent.

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