This midcap stock rose 14% post Q1 results; here's why

This midcap stock rose 14% post Q1 results; here's why
The company reported a 42 per cent jump in net profit to Rs 116.85 crore for the quarter ended June 2021. Profit in the year-ago period stood at Rs 82.27 crore
This midcap stock rose 14% post Q1 results; here's why
Business Today
Updated Aug 04, 2021, 12:32 PM IST
Shares of IIFL Wealth Management Limited zoomed 14 per cent to hit a new 52-week high of Rs 1,580 on BSE after the company announced its earnings for the quarter ended June 2021.
The company reported a 42 per cent jump in net profit to Rs 116.85 crore for the quarter ended June 2021. Profit in the year-ago period stood at Rs 82.27 crore. Revenue from operations grew 9.47 per cent to Rs 382.55 crore in the June-ended quarter against Rs 349.46 crore a year ago.

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