IIFL Finance jumps 6% on Rs 6,414 crore fundraise

IIFL Finance closed 6.26% higher at Rs 666.25 after the board approved a Rs 6,414 crore preferential issue. Support is at 563 and resistance at 705. IIFL Finance Limited [ IIFL ] gained as much as 10.75% on 11 November 2026 and closed at Rs 666.25. Blackstone funds will invest Rs 5,000 crore in CCPS, convertible at Rs 602 per share within 18 months. Promoters Nirmal Jain and R Venkataraman will invest Rs 1,264 crore through warrants, and Anchorage Capital Rs 150 crore in equity. On the daily chart, the stock has rebounded from near 520 in October on heavy volume. The day’s high of 694.40 faded, leaving an upper shadow, and the close sits just below the September high near 705. The larger trend remains higher since the March 2025 low near 280. In my view, the trend is bullish after a sharp rebound on volume. A close above 705 would open a fresh leg higher. A fall below 635, the day’s low, would weaken the move, and a break of 563 support would put a deeper pullback in view. Stance: bullish while 635 holds, with 563 as key support. Disclaimer: I do not hold any position in this. This content is for informational purposes only and is not a recommendation to buy or sell. Investments in securities are subject to market risks. Please read all related documents carefully before investing.