🚨 IIFL Shockwave! Stock Crashes 17% Intraday, Options Explode 7,800% 🚨

IIFL Finance (

) witnessed a brutal sell-off on January 22, 2026, tanking as much as 17.38% intraday before closing 13.5% lower at ₹538.75. The trigger was an Income Tax Department notice issued on January 21, directing a special audit under Section 142(2A). While the company termed it procedural, the development rattled investor confidence. The stock slipped to its lowest level since October 30, 2025, with highest trading volume since September 23, 2024, signaling panic selling. Volatility spilled over into derivatives, where the 27 Jan 2026 expiry 550 Put option saw its premium jump from ₹0.50 to an intraday high of ₹39, a staggering 7,800% surge in a single session, highlighting extreme risk and opportunity in F&O trading. 📌 Disclaimer: This content is for information only and not investment advice. Investments in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered advisor before making any investment decisions. I, Akhilesh Jat (SEBI Registered Research Analyst – INH000016649), do not have any position in the mentioned scrip.