Hold IIFL Securities: target of Rs 115: ICICI Direct
ICICI Direct recommended hold rating on IIFL Securities with a target price of Rs 115 in its research report dated October 22, 2021.
October 25, 2021 / 09:37 AM IST
ICICI Direct's research report on IIFL Securities
IIFL Securities (IIFL Sec) is engaged in retail and institutional broking, distribution of financial products and investment banking. The company caters to an active retail client base of ~3.24 lakh IIFL’s institutional broking segment has ~755+ domestic and foreign clients
We maintain our HOLD rating on the stock We value IIFL Sec at 11.3x FY23E EPS and maintain our target price at Rs 115.
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