Company name : IIFL Securities Ltd
Company got de-merged from the powerful entity IIFL holdings and got listed on 20th Sept 2019 as a separate entity specially focused on securities and shares broking
Line of business is typical of a broking firm : Trade in Equities, Commodities, Currencies and Mutual Funds, on a single trading platform. Access to all market segments of BSE, NSE, MCX & NCDEX along with offering of in depth research on stocks.
Recommendation : ADD TO WATCH LIST , Current price is around 40 watch out for a target of 65+ in short term.
- ROCE ~ 30% , Strong brand equity and presence in the financial intermediary sector.
- Debt reduced substantially
- Strong operational cashflow
- Monthly stock delivery approx 80%+
- Strong price and volume movement ~ approx 72% MTD returns.