IIFL Finance stock slumps 6% to 10-month low as Q3 profit plunges 85% YoY
Shares of IIFL Finance, a prominent NBFC specialising in retail credit, plunged 6% in intraday trade on February 14, touching a 10-month low of â‚ą312.20 per share. The decline came after the company’s December quarter performance fell short of Street estimates, impacted by elevated credit costs and a slight deterioration in asset quality due to…