Buzzing stock: IIFL Finance makes new 52-week high; stock rises almost 10 per cent

During Wednesday’s trading session, the stock of IIFL Finance Ltd jumped more than 9.98 per cent and made an intraday high of Rs 213.20. The stock hit a fresh 52-week high of Rs 213.20 today. The shares of IIFL Finance have gained 80.40 per cent in the last five trading days. 

The stock of IIFL Finance has recovered by 187.53 per cent from its sharp decline in March 2020. 

Besides, the company reported a net profit of Rs 268.47 crore in Q3FY21, an increase of 46.75 per cent. It had reported a profit of Rs 182.94 crore in Q3FY20. The company reported a total income of Rs 1,530.27 crore for Q3FY21, an increase of 29.57 per cent as against the total income of Rs 1,181.08 crore for Q3FY20. 

In Q3FY21, the ratio of gross NPAs to net advances (GNPA) was 1.61 per cent and the ratio of net NPAs to net advances (NNPA) was 0.77 per cent. 

According to BSE data, the stock traded at a P/E multiple of 48.66 and a price-to-book ratio of 2. The stock has a 52-week high and a 52-week low of Rs 213.20 and Rs 58.15, respectively. 

At 2.34 pm today, the stock of IIFL Finance Ltd was trading at Rs 213.20, up by 9.98 per cent on BSE.