IIFL Finance shares jump after JPMorgan starts overweight coverage
IIFL Finance shares rose as JPMorgan initiated coverage of gold financiers with an overweight rating. IIFL Finance climbed to an intraday high before paring some gains, trading up around 6.5% later. JPMorgan set a Rs 750 target, citing an early turnaround supported by higher profitability and growth in Indian gold loans.