Investors can take exposure to IIFL for a long term
Tuesday, 4 May 2010
MUMBAI, May 3 (Economic Times): India Infoline (IIFL) has transformed itself from being an equity research firm to financial services conglomerate in the past 15 years.
Apart from equity broking, the company now has presence in commodity broking, investment banking, wealth management, insurance and lending businesses.
Of late, the company has also made significant inroads into lending and investment banking business. Investors can take exposure to IIFL for a long term.
The company has aggressively improved its presence over the past few years. Currently, the company has presence in as many as 2,300 locations through branches and sub-brokers.
A wide network has helped it in rapidly improving its share of the trading volumes, which improved to 3.8 per cent in FY10 from 1.7 per cent four years ago at the national stock Exchange (NSE).
Compared to FY09, the company's share in volumes was flat. But that's because the share of futures and options (F&O ) has gone up in NSE volumes, while IIFL focuses more on cash segment.
This is because the margins in cash segment are more than F&O segment. So while the company's share actually went up in cash segment, its share remained stagnant in total volumes on year-on-year basis.
Apart from equity broking, the company now has presence in commodity broking, investment banking, wealth management, insurance and lending businesses.
Of late, the company has also made significant inroads into lending and investment banking business. Investors can take exposure to IIFL for a long term.
The company has aggressively improved its presence over the past few years. Currently, the company has presence in as many as 2,300 locations through branches and sub-brokers.
A wide network has helped it in rapidly improving its share of the trading volumes, which improved to 3.8 per cent in FY10 from 1.7 per cent four years ago at the national stock Exchange (NSE).
Compared to FY09, the company's share in volumes was flat. But that's because the share of futures and options (F&O ) has gone up in NSE volumes, while IIFL focuses more on cash segment.
This is because the margins in cash segment are more than F&O segment. So while the company's share actually went up in cash segment, its share remained stagnant in total volumes on year-on-year basis.