India, Jan. 22 -- The share of this company engaged in providing Home Loans, Gold Loans, Business Loans, Microfinance, Loans Against Securities, Digital Finance, Wealth & Asset Management, Broking, and Insurance is in focus after Q3 results filings.

With a market capitalization of Rs 22,500 crore, IIFL Finance Ltd's shares on Wednesday made a day low of Rs 515.25 per share, down by 17 percent from its previous day's close price of Rs 622.7 per share. The share is trading at an overvalued P/E of 27.2x, more than the average industry P/E.

The company has been directed by the Income Tax Department to conduct a special audit under Section 142(2A) for a specified period as part of ongoing assessment proceedings. The directive is procedural, ...