IIFL Finance has reported a remarkable jump in its third quarter profit rising multifold to ₹501 crore. Despite the strong earnings, the company’s stock fell 13 percent after a directive from the Income Tax department created uncertainty among investors. The market reaction overshadowed the impressive financial performance, as concerns over potential tax implications prompted selling pressure.
Analysts say that while IIFL Finance continues to demonstrate solid growth in lending and financial services
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