Meanwhile, the S&P BSE Sensex was up 188.65 points, or 0.6%, to 32,222.62.

On the BSE, 37,573 shares were traded in the counter so far, compared with average daily volume of 93,432 shares in the past one quarter. The stock had hit a high of Rs 617 and a low of Rs 596.75 so far during the day. The stock had hit a record high of Rs 629 on 7 June 2016. The stock had hit a 52-week low of Rs 229 on 15 November 2016.

The stock had underperformed the market over the past one month till 21 July 2017, falling 3.29% compared with 2.38% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 25.92% as against Sensex's 9.07% rise. The scrip had also outperformed the market in past one year, jumping 144.42% as against Sensex's 15.58% rise.

The large-cap company has equity capital of Rs 63.59 crore. Face value per share is Rs 2.

IIFL Holdings' loan assets under management of non banking financial company business rose 26% to Rs 23330 crore in Q1 June 2017 over Q1 June 2016. Wealth assets jumped 60% to Rs 126908 crore as at 30 June 2017 over the same period last year.

Nirmal Jain, Chairman, IIFL Holdings said that in Q1 June 2017, all the company's businesses have grown well. Successful implementation of major reforms like GST and the Real Estate (Regulation and Development) Act, 2016 (RERA) has buoyed the confidence of investors, foreign and domestic alike.

Wealth management business is going from strength to strength and loan book also has seen robust growth, while maintaining high quality. The company looks forward to the rest of year with a renewed optimism, he added.

IIFL Holdings is the apex holding company of the entire IIFL Group. It offers a gamut of services including financing, wealth and asset management, broking, financial product distribution, investment banking, institutional equities, realty and property advisory services through its various subsidiaries.