 "Markets may correct in the short term. But in a bull market the correction is always sharp, swift and short-lived: Rakesh Jhunjunwala")
The ace investor Rakesh Jhunjhunwala has bought 2.7 million shares of IIFL Securities for Rs 11.92 crore in a bulk deal on BSE on Thursday. The shares were bought at a price of Rs 42.83 per share.
On Thursday, shares of IIFL Securities closed 4.9 per cent higher to Rs 44.95.
The retail and institutional broking house was listed on the bourses in September last year, after getting demerged from its parent IIFL Holdings.
In the last three months, the share price of IIFL Securities has gained 46 per cent.
According to market participants, larger-sized brokers are expected to gain higher market share as
