Buy IIFL Securities, target price Rs 145: HDFC Securities

HDFC Securities has buy call on IIFL Securities with a target price of Rs 145. The current market price of IIFL Securities Ltd. is Rs 126.85.

IIFL Securities Ltd., incorporated in the year 1996, is a Small Cap company (having a market cap of Rs 3862.06 Crore) operating in Financial Services sector.

IIFL Securities Ltd. key Products/Revenue Segments include Fees & Commission Income and Interest for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 582.27 Crore, up 9.11 % from last quarter Total Income of Rs 533.66 Crore and up 67.81 % from last year same quarter Total Income of Rs 346.99 Crore. Company reported net profit after tax of Rs 150.51 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 30.97 per cent stake in the company as of 31-Dec-2023, while FIIs owned 15.54 per cent, DIIs 3.29 per cent.