Till 12:03 pm, a combined 1.4 million shares had changed hands on the counter and there were pending buy orders for 407,277 shares on the NSE and BSE.
IIFL Securities zoomed 20 per cent to Rs 45.65 in intra-day trade on the BSE. At 12:20, the stock was trading 17 per cent higher at Rs 44.55 on the back of heavy volumes. A combined around 5 million shares have changed hands on the BSE and NSE so far.
IIFL Wealth Management, too, surged 19 per cent to Rs 1,190 on the BSE. A combined 62,000 shares changed hands on both the exchanges, data shows. In comparison, the S&P BSE Sensex was down 0.25 per cent at 34,782 points.
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