IIFL Finance shares surge after HSBC upgrade, 45% price target raise
Shares of IIFL Finance Ltd. were trading with gains of as much as 6% on Tuesday, May 13, after global brokerage firm HSBC upgraded the stock to a ‘Buy’. The foreign brokerage has also raised its price target on the stock by nearly 45% to ₹550 from ₹380 earlier. Looking ahead, the brokerage expects earnings