Hold IIFL Securities; target of Rs 75: ICICI Direct

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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.

For all recommendations report, click here

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IIFL Securities - 08 -12-2022 - icici