IIFL Finance zooms 82% in 8 days post December quarter results

The company recorded its highest-ever PPOP during the quarter, driven by mainly volume growth and reduction in cost of funds

Shares of IIFL Finance were locked in 10 per cent upper circuit at Rs 222.50, also its 52-week high, on the BSE on Tuesday. The stock has zoomed 82 per cent in the past eight trading days after reporting a strong set of numbers in the October-December quarter (Q3FY21).

Till 11:14 am, a combined 1.13 million shares had changed hands and there were pending buy orders for around 85,000 shares on the NSE and BSE. In comparison, the S&P BSE Sensex was up 0.71 per cent at 51,712 points.

For Q3F21, IIFL Finance had reported 47 per cent