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IIFL Securities inches up on inking pact with Stockal

24 Jun 2021 Evaluate

IIFL Securities is currently trading at Rs. 75.55, up by 0.65 points or 0.87% from its previous closing of Rs. 74.90 on the BSE.

The scrip opened at Rs. 74.10 and has touched a high and low of Rs. 75.90 and Rs. 74.10 respectively. So far 2064 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 80.90 on 27-May-2021 and a 52 week low of Rs. 36.00 on 09-Oct-2020.

Last one week high and low of the scrip stood at Rs. 80.10 and Rs. 67.70 respectively. The current market cap of the company is Rs. 2270.20 crore.

The promoters holding in the company stood at 31.41%, while Institutions and Non-Institutions held 20.47% and 48.13% respectively.

IIFL Securities has partnered with global investment platform Stockal to attract $75-100 million worth of cross-border investments from Indian investors in the next 12 months. This partnership will help IIFL Securities' customers to have access to over 3,500 US-listed companies, invest in fractional stocks, and expert-curated stacks, and exchange-traded funds (ETFs) to suit the risk and industry preferences of the individual investors.

The tie-up between the two companies will help increase the number of millennials who are eager to invest in the US stock market. This strategic B2B partnership will offer both companies an edge to increase their reach and product offering for savvy investors.

IIFL Securities operates as an investment management company. The Company offers insurance, loans, mutual funds, property solutions, and wealth management services.

IIFL Capital Service Share Price

313.40 16.55 (5.58%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Motilal Oswal Fin 815.95
Angel One 323.35
IIFL Capital Service 313.40
Nuvama Wealth 1403.20
Share India Sec. 147.05
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