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IIFL initiates coverage on Adani Power with target price at Rs 240, estimates EBITDA to quadruple by FY33-35E
IIFL initiated coverage on Adani Power with a 'Buy' rating and Rs 240 target price. The brokerage forecasts EBITDA to quadruple by FY33-35E due to growth pipeline. Adani Power is building significant new coal capacity, expanding its operational base. Free cash flow from operations is expected to rise substantially after portfolio buildout. The company also plans future ventures into nuclear and hydro power generation.
IIFL Finance plans ₹10,000 crore fund raise; board also ups borrowing limits
IIFL Finance's board has approved raising up to ₹10,000 crore through equity and other eligible securities, while also doubling its global medium-term note programme limit and enhancing borrowing capacity.
Stocks in news: TCS, JSW Infra, Craftsman Automation, IIFL Finance, Transrail Lighting
Indian markets showed a positive trend on Monday, recovering some of Friday's dips, buoyed by global sentiment and strong performance in the banking sector. Several companies are making headlines: JSW Infrastructure is raising funds for expansion, TCS will announce its quarterly results and a potential interim dividend, and Craftsman Automation's promoter plans a stake sale.
IIFL Finance approves note issuance of $500mn under GMT programme
IIFL Finance approved the pricing, tenure and other terms of the fixed rate, senior, secured notes to be issued by the Company under Regulation S and/or Rule 144A of the U.S. Securities Act 1933 as part of the USD 1,000,000,000 Global Medium Term Note Programme updated by the Company.
Smallcaps rally! IIFL Finance, Hindustan Copper, Meesho, other stocks jump up to 7%
Smallcap stocks, including IIFL Finance, Meesho, and GRSE, surged up to 7% on Wednesday, outperforming benchmark indices. This rally occurred despite broader market caution, with the Nifty Smallcap 100 index showing robust gains. Experts remain optimistic about mid and smallcap earnings, viewing recent corrections as opportunities.
ideaForge shares surge over 17% after Q4 profit; IIFL sees 95% upside for drone-maker
Brokerage firm IIFL has issued a double-upgrade for the stock after its results, raising its recommendation to "buy" from "reduce" earlier, and also raised its price target to ₹1,187 from ₹271 earlier.
IIFL Finance Ltd leads losers in 'A' group
Union Bank of India, Havells India Ltd, Thomas Cook (India) Ltd and Thangamayil Jewellery Ltd are among the other losers in the BSE's 'A' group today, 23 April 2026.
Explained | US-Iran war and the most impacted chemical stocks due to it
The Iran-Israel-US war has entered its 10th day and the Strait of Hormuz, a critical trade route, remains shut for the sixth consecutive day. This has resulted in a surge in oil prices and a sell-off across global markets. As tensions in the Middle East continue to escalate, trade is disrupted, and chemical stocks are in focus as they declined up to 4% on Monday. Here's a roundup of the chemical firms and the impact they may see due to the ongoing conflict, according to brokerage firm IIFL.