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    HomeNewsBusinessStocksBuy IIFL Wealth; target of Rs 1225: Motilal Oswal

    Buy IIFL Wealth; target of Rs 1225: Motilal Oswal

    Motilal Oswal is bullish on IIFL Wealth has recommended buy rating on the stock with a target price of Rs 1225 in its research report dated June 12, 2020.

    Broker Research
    June 16, 2020 / 21:44 IST
       
       
      26 Aug, 2025 12:21
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      Motilal Oswal 's research report on IIFL Wealth

      IIFL reported 4QFY20 loss of INR30m, driven by one-off MTM loss of INR790m on its AIF holdings. Excluding MTM loss, PBT grew 22% QoQ to INR940m, aided by 16% QoQ growth in revenue. Opex also rose 13% QoQ on higher ESOP cost of INR380m (INR170m in 3Q). For FY20, PBT (excluding other income) declined 28% YoY to INR3.56b.

      Outlook

      We cut our FY21/FY22 EPS estimates by 10–13% to account for lower AUM. Buy, with TP of INR1,225 (25x FY22E EPS).

      For all recommendations report, click hereDisclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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      Broker Research
      first published: Jun 16, 2020 09:44 pm

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