India's IIFL Securities hits highest in near 1-1/2 yrs on Q2 profit jump

IIFL Capital Services

18/10/2023 05:11

** Shares of IIFL Securities  IIFS.NS  rise as much as 4.3%
to 98.1 rupees, highest since April 26, 2022
    ** Stock on track for third consecutive session of gains, if
trend holds
    ** Co reported on Tuesday its consolidated net profit rose
93.3% to 1.08 bln rupees ($12.98 million) for the quarter ended
Sept. 30
    ** Says, consol rev from ops up ~60% Y/Y
    ** More than 1.7 mln shares change hands by 09:25 a.m. IST
vs 1.6x 30-day avg of 1.1 mln shares
    ** Stock currently up 2.7%, bumping YTD gains to 49%



($1 = 83.2250 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))