India's IIFL Wealth Management jumps on bulk deals

360 One Wam

14/12/2022 07:10

** Shares of IIFL Wealth Management Ltd  IIFW.NS  rise as
much as 4.6% to 1,899 rupees, highest since Nov. 30
    ** General Atlantic Singapore Fund sold more than 3.2 mln
shares at 1,810.09 rupees, while Capital Income Builder bought
more than 3 mln shares at 1,810 rupees, according to NSE data
    ** If gains stand, IIFW on track for third consecutive
session of gain
    ** Nearly 90,000 shares change hands by 12:35 p.m. IST vs
30-day avg of 200,000 shares
    ** All of the five analysts covering the stock have a
"strong buy" rating; median PT is 2,217 rupees - Refinitiv data
    ** Stock up 27.9% so far this year, as of last close
 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))