IIFL Finance shares hit 52-week low after HSBC downgrades NBFC stock, halves target price
IIFL Finance share price target: HSBC has downgraded IIFL Finance to 'underperform' from 'buy' and reduced its target for the stock by Rs 450 to Rs 340 per share.
IIFL Finance rights issue: The board has approved a proposal to raise up to Rs 1,500 crore through rights. | Representational image | Image source: Freepik