This securities broking company gave 72% monthly returns!

This securities broking company gave 72% monthly returns! post thumbnail image

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.

Fundamental view:

  • 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.

 

 

 

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