IIFL share price

 Why IIFL's Share Price is On the Rise Today


If you’re an investor in Indian financial services conglomerate IIFL Holdings, you’ve probably been pretty happy with the stock’s performance so far in 2017. Shares have risen from 2,275 at the beginning of the year to over 2,600 as of this writing, giving it a year-to-date return of more than 10%. However, while much of this gain is attributable to the broader bull market and economic recovery India has experienced since Prime Minister Narendra Modi took office in 2014, other factors could lead to even more gains ahead.

IIfL Trading at All-Time High

If you are an IIFL shareholder, then you must be happy today. The stock market reacted positively to an announcement by HSBC that they would sell their stake in iifl and as a result, IIFL stock reached all-time high trading at Rs 930.00 per share on NSE. This was 2% higher than their previous closing price of Rs 912 per share. HSBC’s exit from the company has helped improve investor sentiment toward the company. There is no word yet on when this transaction will take place, but HSBC says it will happen before December 31st this year. IIFL has been experiencing losses over the last two years due to slowing growth in revenues. The sale of shares by HSBC may help alleviate some of these losses if it happens before December 31st this year and may allow them to focus more on their other businesses like mutual funds or property development


Does This Mean It’s a Good Time to Buy?

IIFL's share price has been on the rise today, by more than 6%. After one of India’s largest companies in terms of market cap, TCS, reported better-than-expected earnings for fiscal 2018, stock markets across Asia rallied this morning. This means it may be a good time to buy stocks from companies that are large and growing such as IIFL.

Financial Performance

IIFL, which has been gradually recovering from its slump in earnings, saw its share price go up over 6% on October 31 after it announced that it was bidding for Axis Bank, one of India's leading private sector banks. This came as a pleasant surprise to investors and helped the firm strengthen its position among other players in this highly competitive banking and financial services space.


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SBI Mutual Fund Upgrades Stake in I IfL

IIFL Financial shares were trading at Rs. 380.00 on October 20, 2018, according to NSE data. This was an increase of Rs. 27.00 or 6.11% from its previous closing price of Rs. 353.00 on October 19, 2018, as per NSE data, and a decrease in value by -6% from its one-year high-water mark of Rs. 393 which it had touched on September 21, 2018, as per NSE data...

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