Shares of IIFL Wealth Management on Thursday rose 5 per cent in the first day of trade after its demerger.
The scrip opened at Rs 1,200 on the BSE. During the day, it jumped 5 per cent to Rs 1,260 from its opening price.
On the NSE, shares of the company gained 5 per cent to close at Rs 1,270.50. It had started trade at Rs 1,210.
Last year, financial services firm IIFL Holdings announced to demerge its finance, wealth and capital business into three separate entities and list them on bourses.
In terms of traded volume, 1.55 lakh shares of the company were traded on the BSE and over 17 lakh shares on the NSE during the day.
The company's market valuation was at Rs 10,725.91 crore.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app