The shares of IIFL Capital Services have seen an increase of more than 15 percent on Monday. This bounce is due to the change in the top management of the company. The company’s shares opened at Rs 225 at the BSE and gained 15 percent to Rs 253.25. IIFL Capital Services shares closed at Rs 240.50 when the market was closed.
Neemkumar H, Managing Director and Board Member of IIFL Capital Services, has quit his post and received an appointment as Chief Growth Officer. Now, R Venkataraman will serve as the new managing director of the company. In addition, Rekha Warrier has been appointed as the chairperson of the board.
In the last one week, the price of the company’s shares has increased by more than 23 percent, but so far this year the price of stock has declined by 28 percent. At the same time, the price of the company’s shares has decreased by 26 percent in 6 months. Despite this, shares of IIFL Capital Services have registered a 102 percent increase in the last one year. At the same time, in the last 5 years this stock has given a return of 794 percent.
In 2021, the company gave a dividend of Rs 1 on a stock. Since 2022, the company has been giving dividend of Rs 3 every year. This year, on February 17, the company conducted an ex-dividend traded, in which qualified investors got a dividend of Rs 3.
