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IIFL Wealth gains as board to mull share split, bonus issue IIFL Wealth Management advanced 2.72% to Rs 1,808.15 after the company said that its board will consider a proposal of split of shares and issue of bonus shares in its meeting to be held on 19 January 2022. The company said that the board will consider sub-division of equity shares of the company of face value of Rs 2 each and issue of fully paid-up bonus equity share(s) to the shareholders of the company in the ratio as the board may deem fit. The proposals are subject to the approval of ...
IIFL Wealth gains as board to mull share split, bonus issue
IIFL Wealth gains as board to mull share split, bonus issue
Source: Dion Global Solutions Ltd
13/01/2023 12:50:03 PM
IIFL Wealth Management gains on completing acquisition of 91% stake in MANPL IIFL Wealth Management is currently trading at Rs. 1769.15, up by 2.40 points or 0.14% from its previous closing of Rs. 1766.75 on the BSE. The scrip opened at Rs. 1775.00 and has touched a high and low of Rs. 1779.85 and Rs. 1764.65 respectively. So far 207 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1945.00 on 20-Sep-2022 and a 52 week low of Rs. 1225.70 on 20-Jun-2022. Last one week high and low of the sc...
IIFL Wealth Management gains on completing acquisition of 91% stake in MANPL
IIFL Wealth Management gains on completing acquisition of 91% stake in MANPL
Source: Accord Fintech
16/11/2022 11:51:38 AM
Buy IIFL Wealth Ltd For Target Rs.2,217 - ICICI Securities ARR assets/revenue grow; modest transactional revenue and cost increase offset by other income IIFL Wealth & Asset Management (IIFLW) registered 8%/23% QoQ/YoY PAT growth in Q2FY23 to Rs1.73bn, delivering >22% RoE, broadly in line with our estimates. ARR asset revenue was up 5%*/17% QoQ/YoY to Rs2.61bn, constituting 64% of overall revenue vs 67% in Q1FY23 due to increase in other income. ARR AUM grew 8% QoQ and retention on ARR assets was 71bps (vs 72bps in Q1FY23). Transactional re...
Buy IIFL Wealth Ltd For Target Rs.2,217 - ICICI Securities
Buy IIFL Wealth Ltd For Target Rs.2,217 - ICICI Securities
Source: ICICI Securities
26/10/2022 3:28:01 PM
Buy IIFL Wealth Ltd For Target Rs.2,300 - Motilal Oswal Financial Services Getting the strategy right to meet customer needs * In its FY22 Annual Report, IIFLWAM outlined the emerging growth opportunities in the Wealth Management industry in India. The growth in the number of HNIs along with increasing wealth of existing HNIs unfolds a huge potential for growth ahead. The ensuing wealth transfer between generations will provide ample scope for existing players having preparedness to adopt technology at a fast pace. * IIFLWAM will focus on expanding its custome...
Buy IIFL Wealth Ltd For Target Rs.2,300 - Motilal Oswal Financial Services
Buy IIFL Wealth Ltd For Target Rs.2,300 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
18/10/2022 10:38:16 AM
Jayashree Ullal heads list of richest Indian professionals The richest Indian professional-person of Indian origin is a woman, Jayashree Ullal of Arista Networks. Ullal, born in London and raised in India, heads the Arista Networks, US and is the richest professional with a wealth of Rs 16,600 crore, as per the IIFL Wealth Hurun India Rich List 2022. India has proved itself to be the progenitor of some of the most brilliant professional managers in the world. Professional managers in the list consist of individuals who joined the business after...
Jayashree Ullal heads list of richest Indian professionals
Jayashree Ullal heads list of richest Indian professionals
Source: IANS
22/09/2022 12:28:29 PM
The Pune girl who self-made it to the India rich list Indian-American Neha Narkhede, co-Founder of Confluent, a streaming data technology company, now figures in the India's rich list 2022. According to IIFL Wealth Hurun India Rich List, the 37-year-old Narkhede is the youngest self-made woman entrepreneur to be in India's rich list. Her wealth is estimated at Rs 4,700 crore and she is ranked 336 in the IIFL Hurun India Rich List. As per the information available in the public domain, Narkhede was born in Pune and got her Bachel...
The Pune girl who self-made it to the India rich list
The Pune girl who self-made it to the India rich list
Source: IANS
22/09/2022 9:02:45 AM
Zodiac connection in India`s 2022 rich list Does a person's zodiac sign have something to do with him/her entering the India's rich list? While the question has no concrete answer, as per IIFL Wealth Hurun India Rich List 2022, people born under Cancer sign had a great year, almost doubling their wealth, followed by Geminis, Taurus and Pisces. "Overall Virgos and Scorpios led the way, with the highest number of entries on this year's list, followed by Aries. Over a period of five years, Cancer rich listers create...
Zodiac connection in India`s 2022 rich list
Zodiac connection in India`s 2022 rich list
Source: IANS
21/09/2022 5:22:53 PM
Buy IIFL Wealth Ltd For Target Rs.2,200 - Motilal Oswal Strong operational performance * IIFLWAM’s PAT declined 5% QoQ, but grew 34% YoY to INR1.6b (4% beat) in 1QFY23. The beat on profitability was driven by a 5% beat on net revenue (down 11% QoQ but up 32% YoY to INR3.8b) owing to a 34% beat on Transaction/Brokerage Revenue (TBR), whereas Annual Recurring Revenue (ARR) was 4% lower than our estimate. * Opex stood at INR1.7b, a decline of 29% QoQ / 9% YoY growth and 7% below our estimate. The sequential decline was mainly attributable...
Buy IIFL Wealth Ltd For Target Rs.2,200 - Motilal Oswal
Buy IIFL Wealth Ltd For Target Rs.2,200 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
6/09/2022 12:51:43 PM
Buy IIFL Wealth Ltd For Target Rs.2,217 - ICICI Securities ARR assets/revenues stay put; transactional revenue moderation offset by cost decline Despite non-conducive capital market sentiment, IIFL Wealth & Asset Management (IIFLW) registered 35% YoY growth in PAT in Q1FY23 to Rs1.6bn (down 4.7% QoQ), ahead of our expectations of Rs1.53bn. Delivery of >21% RoE demonstrates the benefit flowing from its annual recurring revenue (ARR) assets build-up strategy. ARR asset revenue was marginally positive QoQ, though up 33% YoY to Rs2.56bn (now co...
Buy IIFL Wealth Ltd For Target Rs.2,217 - ICICI Securities
Buy IIFL Wealth Ltd For Target Rs.2,217 - ICICI Securities
Source: ICICI Securities Ltd
1/09/2022 3:25:01 PM
Investors could consider allocations to target maturity funds via index funds/ETF route: Vinay Ahuja Vinay Ahuja, Executive Director, IIFL Wealth, said Medium duration 3-6-year segments look attractive on a risk-adjusted basis with gradual deployment. Investors could consider allocations to target maturity funds (3-6-year maturity bucket) via index funds/ETF route. Excerpts from the interview: Q: In the rising interest rate scenario, which debt scheme will be best for investors to add in their portfolio? A: The Reserve Bank of India's focus, which was on growth, is now seeing ...
Investors could consider allocations to target maturity funds via index funds/ETF route: Vinay Ahuja
Investors could consider allocations to target maturity funds via index funds/ETF route: Vinay Ahuja
Source: IANS
12/08/2022 12:28:09 PM
IIFL Wealth Management gains on executing SPSHA to acquire 91% stake in MANPL IIFL Wealth Management is currently trading at Rs. 1653.90, up by 8.70 points or 0.53% from its previous closing of Rs. 1645.20 on the BSE. The scrip opened at Rs. 1629.95 and has touched a high and low of Rs. 1683.00 and Rs. 1621.20 respectively. So far 835 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1906.50 on 19-Apr-2022 and a 52 week low of Rs. 1225.70 on 20-Jun-2022. Last one week high and low of the sc...
IIFL Wealth Management gains on executing SPSHA to acquire 91% stake in MANPL
IIFL Wealth Management gains on executing SPSHA to acquire 91% stake in MANPL
Source: Accord Fintech
26/07/2022 10:48:20 AM
Buy IIFL Wealth Ltd For Target Rs.2,200 - Motilal Oswal New opportunities beckon IIFLWAM is on the verge of transitioning to earning majority of its revenue from a trail-based model as compared to a transaction-based one. It embarked on this journey from FY20 and had targeted to complete the same in three-to-four years. With a supportive market and conscious efforts, the transition is expected to be completed ahead of schedule, with benefits reaped from FY23 onwards.  Its core focus segment – UHNI (clients with a net worth of over...
Buy IIFL Wealth Ltd For Target Rs.2,200 - Motilal Oswal
Buy IIFL Wealth Ltd For Target Rs.2,200 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
13/04/2022 11:18:04 AM
Buy IIFL Wealth Ltd For Target Rs.2,217 - ICICI Securities Transactional revenues offset spike in opex; upbeat guidance articulated for FY23/FY24 IIFL Wealth & Asset Management’s (IIFLW) earnings growth of 10% QoQ/59% YoY in Q3FY22 to Rs1.55n was ahead of our expectations of Rs1.4bn. ARR revenue grew 10% QoQ/59% YoY, now constituting 58% of overall revenue. Besides this, earnings were primarily buoyed by transactional/brokerage revenue of Rs1.33bn (Rs920mn/Rs210mn in Q2/Q1FY22) and other income of Rs420mn (Rs1.11bn in 9MFY22). This was o...
Buy IIFL Wealth Ltd For Target Rs.2,217 - ICICI Securities
Buy IIFL Wealth Ltd For Target Rs.2,217 - ICICI Securities
Source: ICICI Securities Ltd
14/03/2022 2:17:12 PM
Buy IIFL Wealth Management Ltd For Target Rs.1,886 - ICICI Securities Encouraging earnings quality; improving capital efficiency towards 20% RoE target IIFL Wealth & Asset Management’s (IIFLW) quality of earnings was encouraging, reaffirming our confidence on consistent earnings delivery. PAT growth of 16% QoQ/42% YoY to Rs1.2bn was well ahead of our expectations. Heading towards business model change initiated in 2019, ARR asset mix has improved from 40% to 50%. Strong net flow of Rs91bn (excluding Rs52bn of corporate treasuries) supported 15% QoQ...
Buy IIFL Wealth Management Ltd For Target Rs.1,886 - ICICI Securities
Buy IIFL Wealth Management Ltd For Target Rs.1,886 - ICICI Securities
Source: ICICI Securities
20/09/2021 11:12:10 AM
Buy IIFL Wealth Ltd For Target Rs.1,775 - Motilal Oswal Strong net inflows; healthy beat on profitability * PAT grew 13% QoQ and 42% YoY to INR1.17b (14% beat) in 1QFY22. The beat on profitability was driven by: a) a 12% beat on net revenue (+7 QoQ and 43% YoY to INR2.8b) owing to both Annual Recurring Revenue (ARR, 10% beat) and Transactional/Brokerage Revenue (TBR, -16% beat), b) better operating efficiency (CIR of 54% v/s our estimate of 56.5%), and c) a lower tax rate of 22.6% (est. 24%). * 1QFY22 saw strong net inflows of INR143b (inclu...
Buy IIFL Wealth Ltd For Target Rs.1,775 - Motilal Oswal
Buy IIFL Wealth Ltd For Target Rs.1,775 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
9/09/2021 10:27:11 AM
Buy IIFL Wealth Management Ltd For Target Rs. 1,527 - ICICI Securities Recurring revenue assets scale up on track; variable costs elevated IIFL Wealth & Asset Management (IIFLW) reported Q4FY21 consolidated PAT of Rs1.03bn (up 5% QoQ) thereby exiting FY21 with PAT of Rs3.7bn (in line with our expectations). Earnings were characterised by continued build-up of recurring revenue assets (up 13% QoQ / 63% YoY), sustained traction in IIFL One (8% QoQ), and an uptick in transactional revenues too, more than offsetting elevated variable costs and lower return on...
Buy IIFL Wealth Management Ltd For Target Rs. 1,527 - ICICI Securities
Buy IIFL Wealth Management Ltd For Target Rs. 1,527 - ICICI Securities
Source: ICICI Securities Ltd
16/06/2021 10:27:03 AM
Buy IIFL Wealth Ltd For Target Rs.1,500 - Motilal Oswal A mixed quarter * PAT grew 7% QoQ to INR1.03b (8% beat) in 4QFY21. The beat was driven largely by higher-than-expected TBR income. * Core revenue (excluding other income) was largely flat at INR9.2b and PAT was up ~87% YoY to INR3.7b in FY21. Excluding the impact of other income, core operating profit was also flat YoY at INR3.5b.   Flows rebound due to a large institutional mandate * Following the sharp decline in 3QFY21, net new flows rebounded to INR58b. This was aided ...
Buy IIFL Wealth Ltd For Target Rs.1,500 - Motilal Oswal
Buy IIFL Wealth Ltd For Target Rs.1,500 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
15/06/2021 9:56:51 AM
Buy IIFL Wealth Ltd For Target Rs.1,250 - Motilal Oswal A mixed quarter * IIFL Wealth Management (IIFLWAM)’s 3QFY21 PAT grew 32% YoY to INR966m. The 21% beat was driven by healthy revenue and higher other income, partially offset by an increase in operating expenses. * In 9MFY21, core revenue (excluding other income) was largely flat at INR6.5b, while PAT was up ~30% YoY to INR2.7b. Excluding the impact of other income, core operating profit was down 10% YoY to INR2.3b. Our earnings estimates remain largely unchanged for FY22/FY23E. We...
Buy IIFL Wealth Ltd For Target Rs.1,250 - Motilal Oswal
Buy IIFL Wealth Ltd For Target Rs.1,250 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
5/02/2021 10:35:08 AM