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 has a client base of 30 lakh+ • IIFL’s institutional broking segment has ~800+ domestic and foreign clients.
Outlook
We maintain our HOLD recommendation on the stock. We value IIFL Sec at ~7.3x FY24E EPS and revise our target price to Rs 75.
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