IIFL Finance witnessed a significant block trade on the NSE, with 1,134,022 shares exchanged at a price of ₹549 per share, totaling ₹62.26 crore. The company’s stock is expected to remain in the spotlight today following a key regulatory development.
In a major boost for the company, the Reserve Bank of India (RBI) has lifted restrictions on its gold loan business, allowing IIFL Finance to resume normal operations in this segment. This positive news comes as the company’s stock shows strong pre-market activity, with indications of a 10% surge before market opening.
As of the current market price (CPM), the stock is trading at ₹495.95, and investors are eagerly awaiting the official opening at 9:15 AM, when the stock price will reflect the day’s market action.
The lifting of restrictions and the substantial block trade have positioned IIFL Finance as a key stock to watch in today’s trading session.
