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IIFL Finance shares gain 23% in 4 sessions, up 39% from March low

IIFL Finance: Over the past four trading sessions, the stock has surged by 23%, showcasing a remarkable recovery. Since hitting their March low of ₹313 apiece, the shares have appreciated by 39%, currently trading at ₹435.65 apiece.

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IIFL Finance share price: HSBC expects 34% upside for IIFL Finance on robust asset growth and higher returns

While initiating coverage on the stock with a 'buy' rating and setting a target price of Rs 790, HSBC Global Research said a surge in retail assets under management (AUM) and the prospect of lower volatility in asset quality during the next economic cycle could trigger a positive re-rating for IIFL Finance.

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