{"id":115173,"date":"2023-12-08T13:58:10","date_gmt":"2023-12-08T08:28:10","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=115173"},"modified":"2023-12-08T14:57:03","modified_gmt":"2023-12-08T09:27:03","slug":"small-cap-stock-jumps-9-after-sat-sets-aside-sebis-order-on-the-company","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/small-cap-stock-jumps-9-after-sat-sets-aside-sebis-order-on-the-company\/","title":{"rendered":"Small cap stock jumps 9% after SAT sets aside SEBI&#8217;s order on the company\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-680668949\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of one of the leading broker and financial services providers jumped 9 percent in the day\u2019s trade after SAT set aside Sebi\u2019s order for the company to stop onboarding new clients for 2 years and reduce the penalty placed.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-80788376\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>At 12:30 p.m. the shares of IIFL Securities Limited were trading at Rs. 124.80, up 5.85 percent from its previous day\u2019s close price of Rs. 117.90 and its market capitalization is Rs. 3,794 Crores.&nbsp;<\/p><p>The Hon\u2019ble Securities Appellate Tribunal (SAT) has set aside the orders passed by the Securities and Exchange Board of India prohibiting IIFL Securities from onboarding new clients for two years in respect of its business as a stockbroker and it has also reduced its monetary penalty to Rs. 20 lakhs from Rs. 1 Crore.&nbsp;<\/p><p>Following this, the chairman of IIFL Securities Mr. R. Venkataraman said, We are pleased that Hon\u2019ble SAT has set aside the SEBI order prohibiting the Company from onboarding new clients. We reiterate our commitment to serve all our clients with the highest degree of corporate governance.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-4073048552\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>As of Q2FY24, IIFL Securities have Rs. 1.69 Lakh Crores of Assets under management and the AUM Breakup is as follows, 38 percent in Mutual Funds, 18 percent in Bonds, 15 percent in Fixed Deposits, 15 percent in Alternate Investment Funds, 8 percent in Portfolio Management Services, 2 percent Loan and the rest 4 percent from others.&nbsp;<\/p><p>In FY23, 82.63 percent of the Income was Generated from Fees and Commission Income, 14.97 percent from Interest Income, and 1.26 percent from Rental Income.&nbsp;<\/p><p>The company\u2019s revenue from operations grew 9.72 percent from Rs. 1,232.33 Crores in FY22 to Rs. 1,352.08 Crores in FY23, accompanied by profits of Rs. 306.06 Crores to Rs. 250.16 Crores.&nbsp;<\/p><p>IIFL Securities a broking arm of the IIFL Group, offers research and broking services, financial products distribution, institutional research, and investment banking services.&nbsp;<\/p><p><strong>Written by: Bharath K.S<\/strong><\/p><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-4096941509\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><div class=\"trade-after-content\" id=\"trade-2202582859\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of one of the leading broker and financial services providers jumped 9 percent in the day\u2019s trade after SAT set aside Sebi\u2019s order for the company to stop onboarding new clients for 2 years and reduce the penalty placed.&nbsp; At 12:30 p.m. the shares of IIFL Securities Limited were trading at Rs. 124.80, [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":94946,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,13525],"tags":[],"class_list":["post-115173","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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