Manappuram Finance Ltd fell 6.4 per cent to hit a low of Rs 181.80 on BSE. IIFL Finance declined 2.73 per cent to a low of Rs 322.30. Fusion Finance was down 3.86 per cent at Rs 163 on BSE.Â
IIFL Finance shares fell 8.72 per cent to hit a low of Rs 325.95 on BSE. The stock is down 21 per cent in 2025 so far and 45 per cent in the past one year.Â
IIFL Finance stock surged 12.33% to Rs 555.25 against the previous close of Rs 494.30. Market cap of the firm climbed to Rs 22,972 crore.
Shares of IIFL Finance gained 3.43% to Rs 412.50 against the previous close of Rs 398.40 on BSE. The stock opened higher at Rs 400.
RBI has asked NBFCs to strictly adhere to the cap of Rs 20,000 in cash loans in a letter. This move comes as the central bank is aiming to deter cash transactions.
IIFL Finance shares rose 15.40 per cent to hit a high of Rs 408.75 on BSE. A total of 9.10 lakh IIFL Finance shares changed hands on the stock exchange against a two-week average of 3.10 lakh shares.
IIFL Finance said it does not intend to acquire control of the management or of the target entity, IIFL Finance insisted. The transaction is on arm’s length basis, it said.
According to the data from Ace Equity, 12 stocks in the BSE500 index dropped between 20-55 per cent between April 2023 to March 2024 period.
Timken India Ltd, Dixon Technologies (India) Ltd, Shriram Finance Ltd, IIFL Finance Ltd, Amber Enterprises India Ltd and Bikaji Foods International Ltd saw MFs and FPIs buying company shares with both hands in FY24.
Shares of IIFL Finance slipped 6.02 per cent to Rs 336.10 against the previous close of Rs 359.55 on BSE. The stock opened higher at Rs 361.50 on BSE.
SBI, HDFC Bank: Banks are attracting small ticket size gold loan customers backed by their improved pan-India reach (improved branch network), lower interest rates as well as improved turnaround time by adopting digital means, InCred said.
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