IIFL Finance shares drop 15% after Income Tax audit directive; founder calls it a standard procedural step amid ongoing assessments.

IIFL Finance share price plunged 17.93 per cent to ₹511.15, the lowest level since October 29, 2025 on the National Stock Exchange (NSE).

In its latest note, Jefferies has maintained 'hold' rating on IIFL Finance, but has reduced its price target from Rs 625 to ...

Jefferies said that while core operating trends improved, a large part of profit before tax and return ratios was driven by distribution agency income, which tends to be lumpy and volatile.

In an interaction with CNBC-TV18 after the stock price fall, IIFL Group head Nirmal Jain said that Section 142 (A) is for complex accounts and that the Income Tax Department order is procedural.

IIFL Finance shares plunged 17% despite a 20% profit rise after receiving an income-tax notice for a past block period. The ...

IIFL Finance reports multifold Q3 profit increase to Rs 501 cr. Stock falls after Income Tax dept directive. Gold loan AUM triples.

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Explore the IIFL Authorised Person Program—eligibility criteria, benefits, commission structure, and onboarding process. Learn how to partner with IIFL and grow your financial business.

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IIFL Securities has articulated a preference for State Bank of India (SBI) over Bank of Baroda (BOB), driven by expectations of a reversal in recent profitability trends. Despite BOB's higher average ...