IIFL Finance shares hit 20% lower circuit for 2nd day; Jefferies downgrades after RBI action
Jefferies has downgraded IIFL Finance to ‘Hold’ from ‘Buy’, while cutting its target price to ₹435 from ₹765 estimated earlier.
Jefferies has downgraded IIFL Finance to ‘Hold’ from ‘Buy’, while cutting its target price to ₹435 from ₹765 estimated earlier.
Rise in income levels and economic uncertainties to aid consumption of yellow metal.
The ₹1,092 crore IPO of Fedbank Financial Services will open for subscription on November 22.
Gold loan companies are auctioning the pledged gold more and more, indicating dire financial conditions of households and small businesses, despite GDP growth.
India’s household assets are on the decline, inequality in both income and wealth is rising and nearly half of rural households are relying on low-paying manual labour for sustenance.
Prolonged cheap credit regime has led to a clear liquidity trap and irrational stock market boom, both of which are bad for the economy.