IIFL Finance share price NSE India
IIFL Finance Share Price dropped by 20% for the second time in a row. This happened because the Reserve Bank of India (RBI) decided to stop the company from giving out gold loans on Monday. Now, IIFL Finance’s shares are at their lowest point in a year.
IIFL Finance share price is currently ₹382.201. The previous closing price was ₹477.75, the highest price in the past year was ₹703.40, and the lowest was ₹382.20. Its market capitalization, which is the total value of its outstanding shares, is ₹227,802,600,000. The Price-to-Earnings Ratio (P/E), which shows how much investors are willing to pay for each rupee of earnings, is 10.09. The Dividend Yield, which measures the dividend income per share relative to its price, is 1.05%. Remember, stock prices can change, so it’s crucial to keep up with real-time information if you’re thinking about investing.
IIFL Finance share price Highlights
RBI Bans IIFL Finance from Gold Loan Operations
The RBI told IIFL Finance to stop giving out gold loans because they found some problems during their inspection. They found issues like not properly checking the gold’s purity and weight when giving out loans, breaking the rules about how much money can be given out compared to the value of the gold, and giving out and collecting loan money in cash more than allowed by law.
Financial Report of IIFL Finance in the past five years
- The money coming in (revenue) has increased by 5.49% each year, but the industry average growth is higher at 10.36%.
- The profit after all expenses (net income) has gone up by 13.55% yearly, but the industry’s average growth is much higher at 30.87%.
- Our piece of the market pie (market share) has shrunk from 22.8% to 16.68% over these five years.
Ownership Trends of IIFL Finance Limited
Promoter Ownership Trend:
When promoters hold more shares, it usually indicates they’re optimistic about the company’s future. In the past six months, the promoter’s ownership in the company has remained steady.
Lower pledged promoter holdings are preferred because it shows less risk. Currently, the amount of pledged promoter holdings is negligible.
Institutional Ownership Trend:
An increase in retail ownership might not be positive, as it could mean institutions and promoters are selling their shares, which are then bought by individual investors. Over the last three months, retail ownership in the company has risen by 1.12%.
Foreign Institutional Ownership:
Foreign institutional ownership refers to the amount of stock held by large foreign trading entities. A rising value suggests increasing support for the stock. In the last three months, foreign institutional ownership of the company has gone up by 2.95%.
Mutual Funds Ownership Trend:
When mutual funds increase their holdings, it’s generally seen as a positive sign, indicating that fund managers are confident about the stock’s prospects. Over the last three months, mutual fund ownership of the company has increased by 1.37%.
About IIFL Finance Limited
IIFL Finance Limited, also known as IIFL, is a major player in India’s financial services sector. It operates along with its subsidiary companies: IIFL Home Finance Limited, IIFL Samasta Finance Limited (formerly known as Samasta Microfinance Limited), and IIFL Open Fintech Private Limited. Together, they offer a wide variety of loans and mortgages. These include loans for homes, gold, businesses (like loans against property and financing for small and medium enterprises), microfinance, developer and construction finance, and capital market finance. Their services cater to both individual customers and businesses. With over 2600 branches across more than 500 cities, IIFL Finance Limited has a strong presence all over India.
Disclaimer: The information provided is for informational purposes only and does not represent financial advice or guidance. Investing in the stock market involves essential risks, and individuals should conduct thorough research or seek professional guidance before making any investment decisions. The content reflects the market situation at the time of writing and is subject to change. The author and platform do not guarantee the accuracy or completeness of the information and shall not be responsible for any losses or damages occurs from actions taken based on the provided information.
Also Read: Capri Global Capital shares zoom 20% to trade ex-split and ex-bonus in stock market today
