IIFL Finance Q3 net profit at Rs 545.2 crore
The firm has also announced an interim dividend of 4 per share. Shares of IIFL Finance closed 1.85% higher on the BSE at 651.40 on Wednesday.
Margin funding touches new high in step with D-Street
The margin trading funding (MTF) book for the stockbroking industry has increased to ₹54,537 crore as on January 16, compared with ₹29,500 crore in January last year and about ₹7,100 crore in February 2020, according to data compiled by ratings firm ICRA.
HDFC Bank drops 8.4% on margin worries
“Since HDFC Bank is a darling of the market, the expectations were higher and the lower delivery led to harsh reactions,” said Siddhartha Khemka, head of research at Motilal Oswal Securities.