India's IIFL Securities jump after upbeat Q4 results

IIFL Capital Services

17/05/2024 05:01

** Shares of IIFL Securities  IIFS.NS  rise as much 8.8% to
178.90 rupees, currently up 2.8%  
    ** IIFS set to rise for the sixth consecutive session if
trends hold 
    ** Co's Q4 consol net profit more than doubles, revenue
jumps 71% 
    ** Trading vols 2.4x the 30-day avg in early trade 
    ** Separately, co approves issue of secured or unsecured
redeemable non-convertible debentures worth upto 10 bln rupees
($119.78 mln) 
    ** Day's jump takes YTD gains to 15% 

($1 = 83.4860 Indian rupees)

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))