India's IIFL Finance rises as bullion climbs on US Treasury move

Manappuram Finance

20/08/2026 07:08

** Shares of consumer lending firm IIFL Finance IIFL.NS rise 1.4% to 639.9 rupees 
** Gold prices at a two-month high after U.S. Treasury's surprise liquidity-support announcement, pushing bond yields and dollar lower
** Gold loans account for the largest share of IIFL Finance's loan AUM
** Shares of peers Manappuram Finance MNFL.NS and Muthoot Finance MUTT.NS up between 2% and 3.8% 
** IIFL trades at forward 12-month PE of 9.07 vs industry median of 9.89, according to LSEG-compiled data
** Three of four brokerages covering the stock rate it "buy" or higher; their median PT is 720 rupees
** YTD, stock up 4.9% 



 (Reporting by Abhinav Parmar in Bengaluru)
 ((Abhinav.Parmar@thomsonreuters.com;))