Diversified retail NBFCHistorical case study · data as of 31 Jul 2026 · published 03 Nov 2026 (95 days later)
IIFL Finance — 100-point case study
How IIFL Finance looked on 50 technical and 50 fundamental measures on 31 Jul 2026 — and what happened over the next three months. Education only; not a current view.
Close (to snapshot) Close (after) 50-day avg 200-day avg Support Resistance
Data note: IIFL Finance is an NBFC, not a bank, so CASA and deposit ratios do not apply. Profit figures are consolidated before minority interest; profit attributable to shareholders is lower. Some quarterly metrics came from aggregator sites rather than the company's own filing.
Technical analysis — 50 points
Calculated by code from daily prices up to 31 Jul 2026. Standard formulas (RSI, MACD, ADX use Wilder smoothing).
How to read the tags. Each of the 50 points gets one tag. Bullish the reading was favourable. Bearish the reading was unfavourable. Neutral the reading was in a normal range, or gave no clear message. Caution a warning sign or an unusual reading that deserves a closer look. Point 50 counts the other 49 tags. The chart is called positive when bullish tags beat bearish ones by 5 or more, negative when bearish tags beat bullish ones by 5 or more, and mixed otherwise. Under each point you will see what reading earns which tag. Tags describe the data on the snapshot date. They are not signals to buy or sell. Full guide to all 100 points →
A. Trend
#
Point
Reading
Tag
Commentary
1
Short-term trend (20 days)
slope +0.69%/day
Bullish
Over the last 20 sessions the regression line of closing prices was rising about 0.69% a day — a short-term uptrend.
Bullish slope above +0.10% a day (short-term uptrend) · Bearish slope below –0.10% a day (short-term downtrend) · Neutral between the two: a flat, sideways phase.
2
Medium-term trend (~5 months)
3M return +32.6%
Bullish
The 100-session trend line was up (+0.25%/day) and the stock was +32.6% over three months, so the medium-term picture was bullish.
Bullish slope above +0.05% a day · Bearish slope below –0.05% a day · Neutral in between.
3
Long-term trend (1 year)
1Y return +27.3%
Bullish
Compared with a year earlier the price was +27.3%. A strong positive year.
Bullish up more than 10% in a year · Bearish down more than 10% in a year · Neutral between –10% and +10%.
4
Weekly chart trend
10W 533.76 / 30W 506.79
Bullish
On the weekly chart the stock showed a weekly close above a rising 10-week and 30-week average stack.
Bullish weekly close above the 10-week average, which is above the 30-week · Bearish weekly close below the 10-week average, which is below the 30-week · Neutral when they are tangled.
5
Swing structure (highs/lows)
last highs 534.90→546.15; lows 486.50→548.00
Bullish
The two most recent swing points showed higher swing highs and higher swing lows — classic uptrend structure.
Bullish higher highs and higher lows (uptrend structure) · Bearish lower highs and lower lows (downtrend structure) · Neutral when one is higher and the other lower.
6
ADX (14) — trend strength
37.1
Bullish
ADX at 37.1 shows a strong trend in force. ADX measures strength only, not direction.
Bullish ADX 20 or more with +DI above –DI (a real trend, pointing up) · Bearish ADX 20 or more with –DI above +DI (a real trend, pointing down) · Neutral below 20: no clear trend. 20–30 is a moderate trend, above 30 a strong one.
7
+DI vs –DI
+DI 34.3 / –DI 8.8
Bullish
+DI was above –DI: upward price pressure outweighed downward pressure.
Bullish +DI above –DI · Bearish –DI above +DI · No neutral zone for this point.
B. Moving averages
#
Point
Reading
Tag
Commentary
8
Price vs 20-day SMA
561.20 (+8.5%)
Bullish
Close of 608.65 was 8.5% above the 20-day SMA — the short-term trend filter was positive.
Bullish close above the average · Bearish close below the average · No neutral zone.
9
Price vs 50-day SMA
526.62 (+15.6%)
Bullish
Close of 608.65 was 15.6% above the 50-day SMA — the medium-term trend filter was positive.
Bullish close above the average · Bearish close below the average · No neutral zone.
10
Price vs 200-day SMA
521.46 (+16.7%)
Bullish
Close of 608.65 was 16.7% above the 200-day SMA — the long-term trend filter was positive.
Bullish close above the average · Bearish close below the average · No neutral zone.
11
9 / 21 EMA crossover
9E 584.73 / 21E 563.69
Bullish
The 9-day EMA was above the 21-day EMA; the last crossover happened on 13 May 2026.
The 50-day average was 1.0% above the 200-day. The most recent signal was a golden cross on 29 Jul 2026.
Bullish 50-day above 200-day (after a “golden cross”) · Bearish 50-day below 200-day (after a “death cross”) · No neutral zone.
13
50-day SMA slope
+9.0% in 20 sessions
Bullish
The 50-day average rose 9.0% over the past month — rising.
Bullish rose more than 0.5% · Bearish fell more than 0.5% · Neutral in between: flattening.
14
MA ribbon alignment
561 / 527 / 493 / 521
Neutral
The 20/50/100/200-day averages were tangled — no clean order, typical of a transition or range.
Bullish neatly stacked 20 > 50 > 100 > 200 · Bearish neatly stacked 20 < 50 < 100 < 200 · Neutral when tangled (a transition or range).
15
Monthly anchored VWAP
561.77 (+8.3%)
Bullish
Anchored to the start of July, the volume-weighted average price was 561.77; the close was above it — buyers that month were on average in profit.
Bullish close above VWAP (that month’s buyers on average in profit) · Bearish close below VWAP · No neutral zone.
C. Momentum
#
Point
Reading
Tag
Commentary
16
RSI (14)
70.6
Caution
RSI at 70.6 was overbought (≥70) — strong momentum but stretched.
Bullish RSI 55–70 (positive momentum, not stretched) · Bearish RSI 30–45 (soft momentum) · Neutral 45–55. Caution at 70 or above (overbought) or 30 or below (oversold).
17
RSI divergence (last 40 days)
none
Neutral
Comparing the last 20 sessions with the 20 before: no divergence — RSI moved in line with price.
Bullish bullish divergence: price made a lower low but RSI a higher low · Caution for a bearish divergence (price higher high, RSI lower high). Neutral when RSI moved in line with price.
18
MACD line vs signal
MACD 21.35 / signal 17.55
Bullish
MACD was above its signal line — momentum turning or staying positive.
Bullish MACD above signal · Bearish MACD below signal · No neutral zone.
19
MACD histogram (5-day change)
0.90 → 3.80
Bullish
The histogram rose over the last five sessions, meaning momentum was improving.
Bullish up more than 2% · Bearish down more than 2% · Neutral between –2% and +2%.
D. Volatility
#
Point
Reading
Tag
Commentary
25
Bollinger Band position (%B)
%B 0.97 (bands 511.07–611.33)
Neutral
%B of 0.97 — inside the bands, upper half.
How to read: Caution above 1 or below 0 (outside the bands — an overextended move). Neutral inside the bands.
26
Bollinger width / squeeze
width 17.9% (75th pct of 6M)
Neutral
Band width was at the 75th percentile of the last six months, a normal level.
How to read: Caution when the width is in the lowest 15% of six months (a “squeeze” that often comes before a bigger move, direction unknown). Neutral otherwise.
27
ATR (14)
₹20.74 (3.4% of price)
Neutral
A typical day's range was about ₹20.74, or 3.4% of the price — useful for judging how much 'normal noise' to expect.
How to read: Information only. A higher % means bigger normal daily swings.
28
Historical volatility (30-day)
37.2% vs 1Y 41.6%
Neutral
Annualised 30-day volatility was 37.2%, close to the one-year level of 41.6%.
How to read: Caution when 30-day volatility is more than 1.25× the one-year level. Neutral otherwise.
29
Keltner Channel (20, 2×ATR)
523.22–607.02
Bullish
The close was above the upper channel — a strong trending push.
Bullish close above the upper channel (strong upward push) · Bearish close below the lower channel · Neutral inside the channel.
30
Beta vs Nifty 50 (1Y daily)
1.52
Neutral
A beta of 1.52 means the stock tended to move more than the Nifty 50 day to day.
How to read: Information only. Above 1.1 moves more than the market, below 0.9 less, around 1 in line.
E. Volume & money flow
#
Point
Reading
Tag
Commentary
31
Volume vs 20-day average
last day 1.02× / 5-day 1.11×
Neutral
The final session traded 1.02× its 20-day average volume and the last five sessions averaged 1.11× — normal participation.
How to read: Information only. Above 1.2× is heavier than usual participation, below 0.8× lighter.
32
Up-day vs down-day volume (20d)
ratio 1.03
Neutral
Average volume on up days was 1.03× that on down days — balanced.
Bullish ratio above 1.15 (accumulation-leaning) · Bearish ratio below 0.85 (distribution-leaning) · Neutral between 0.85 and 1.15.
33
On-Balance Volume (20d)
OBV rising
Bullish
OBV rose over the month while price rose — volume confirmed the price move.
About ₹138 crore changed hands per day on average over 20 sessions — liquid.
How to read: Information only. Above ₹500 crore a day is highly liquid, above ₹50 crore liquid, below that moderately liquid.
F. Price levels
#
Point
Reading
Tag
Commentary
38
Support levels (S1/S2/S3)
549.77 / 534.98 / 513.41
Neutral
Nearest support (prior swing lows) sat at 549.77, 10.7% below the close, then 534.98, 513.41.
How to read: Information only. Levels to watch, not good or bad.
39
Resistance levels (R1/R2/R3)
654.45 / 675.00
Neutral
Nearest resistance (prior swing highs) sat at 654.45, 7.5% above the close, then 675.00.
How to read: Information only.
40
Monthly pivot points (for next month)
P 575.43 | R1 656.22 | S1 527.87
Neutral
Classic pivots from July's high/low/close gave a pivot of 575.43; the close was above it.
How to read: Information only.
41
Fibonacci retracement (6M swing)
23.6% 573 | 38.2% 541 | 50.0% 516 | 61.8% 491
Neutral
Measuring the 6-month rise from 409.10 to 623.00, the close was nearest the 23.6% retracement at 572.52.
How to read: Information only.
42
52-week high / low
H 675.00 / L 409.10
Neutral
The close was 9.8% below the 52-week high and 48.8% above the 52-week low.
Bullish within 5% of the 52-week high · Bearish within 5% of the 52-week low · Neutral in between.
43
Unfilled price gaps (6M)
none
Neutral
No unfilled price gaps in the last six months.
How to read: Information only.
G. Patterns
#
Point
Reading
Tag
Commentary
44
Price structure / chart pattern
rising channel
Bullish
Rule-based pattern scan: rising channel — successive higher highs and lows. (Classical patterns like head-and-shoulders are judgement calls; we report only what the rules detect.)
Bullish rising channel (both trends up) · Bearish falling channel (both trends down) · Neutral for tight consolidation, a bounce in a downtrend, a pullback in an uptrend, or a sideways range.
45
Breakout / breakdown (20-day)
range 513.00–619.50
Neutral
The close was inside the prior 20-day range of 513.00–619.50.
Bullish close above the 20-day high (breakout) · Bearish close below the 20-day low (breakdown) · Neutral inside the range.
46
Latest candlestick
Ordinary red candle
Neutral
On 31 Jul the candle opened 614.00, ranged 605.40–623.00 and closed 608.65: Ordinary red candle. Single candles are weak signals on their own.
Bullish hammer, bullish engulfing or bullish marubozu · Bearish shooting star, bearish engulfing or bearish marubozu · Neutral for a doji, inside bar or ordinary candle. Single candles are weak signals.
47
Ichimoku Cloud
cloud 477.62–511.16; Tenkan 585.50 / Kijun 554.75
Bullish
Price was above the cloud and the Tenkan line was above the Kijun line — a bullish Ichimoku setup.
Bullish close above the cloud · Bearish close below the cloud · Neutral inside the cloud.
H. Relative strength & summary
#
Point
Reading
Tag
Commentary
48
Relative strength vs Nifty 50
1M +16.5% / 3M +31.0%
Bullish
The stock outperformed the Nifty 50 by 31.0 points over three months and outperformed by 16.5 points over one month.
Bullish ahead of the Nifty 50 by more than 2 points · Bearish behind by more than 2 points · Neutral within ±2 points.
49
Relative strength vs Nifty 50 (6M)
6M +19.4%
Bullish
No sector index in today's data set, so we show the 6-month comparison instead: 19.4 points ahead of the Nifty 50.
Bullish ahead by more than 2 points · Bearish behind by more than 2 points · Neutral within ±2 points.
50
Technical summary
28 bullish · 0 bearish · 18 neutral · 3 caution
Bullish
Across the 49 readings the technical picture leaned positive. Levels that mattered: support 549.77, resistance 654.45. This is a description of the chart on 31 Jul 2026, not a forecast. How to read the score: the strongest possible reading is 49 bullish · 0 bearish, and the weakest is 0 bullish · 49 bearish. Most companies land in between. The chart is called positive when bullish tags beat bearish ones by 5 or more, negative when bearish tags beat bullish ones by 5 or more, and mixed otherwise. Even a 49–0 score describes the past and is not a reason to buy, and a 0–49 score is not a reason to sell.
Bullish bullish tags beat bearish ones by 5 or more (“positive”) · Bearish bearish tags beat bullish ones by 5 or more (“negative”) · Neutral (“mixed”) otherwise. Strongest possible: 49 bullish · 0 bearish.
Fundamental analysis — 50 points
Uses only results published by 31 Jul 2026: FY26 annual (Apr 2025–Mar 2026), the Jan–Mar 2026 quarter and the Jun 2026 shareholding. ₹ crore, consolidated unless stated. Valuation uses the 31 Jul 2026 close.
How to read the tags. Each of the 50 points gets one tag. Bullish the reading was favourable. Bearish the reading was unfavourable. Neutral the reading was in a normal range, or gave no clear message. Caution a warning sign or an unusual reading that deserves a closer look. Point 50 counts the other 49 tags. The numbers are called positive when bullish tags beat bearish ones by 4 or more and are at least 1.5 times as many, negative the other way round, and mixed otherwise. Under each point you will see what reading earns which tag. Tags describe the data on the snapshot date. They are not signals to buy or sell. Full guide to all 100 points →
A. Valuation
#
Point
Reading
Tag
Commentary
1
P/E (trailing 12 months)
14.3×
Neutral
At ₹608.65 the market valued the company at about ₹25,958 crore, or 14.3× the ₹1,816 crore profit of the four quarters to Mar 2026. That is a low multiple in absolute terms.
How to read: Information only. Below 15 is a low multiple, 15–30 moderate, above 30 a premium (the market expects growth). Compare with peers and the company’s own history.
2
Price / Book
1.86×
Neutral
Market cap was 1.86× the Mar 2026 book value (equity + reserves) of ₹13,920 crore. For a bank, P/B is the main valuation yardstick.
How to read: Information only. Main yardstick for banks; asset-light businesses usually trade at high P/B.
3
Price / Revenue (interest earned)
1.94×
Neutral
Market cap was 1.94× trailing-12-month revenue (mainly interest earned) of ₹13,377 crore.
How to read: Information only.
4
Profit / Book (earnings power)
13.0%
Neutral
Trailing profit was 13.0% of book value — the return the bank was generating on the equity investors were paying 1.86× for.
How to read: Information only.
5
Earnings yield
7.0%
Neutral
The inverse of P/E: each ₹100 invested bought about ₹7.0 of annual earnings. Investors often compare this with the ~6–7% yield on 10-year government bonds.
How to read: Information only. Often compared with the ~6–7% yield on 10-year government bonds.
6
PEG (P/E ÷ 3-yr profit CAGR)
3.44
Bearish
P/E of 14.3 divided by 3-year profit growth of 4.2% a year gives a PEG of 3.44. Below 1 is often read as growth being cheaply priced; above 2 as expensive.
Bullish below 1 (growth cheaply priced) · Bearish above 2 (growth expensively priced) · Neutral 1–2, or when profit did not grow (not meaningful).
7
Dividend yield (trailing 12M)
0.66%
Neutral
Dividends with ex-dates in the 12 months to the snapshot totalled ₹4 a share, a 0.66% yield on the ₹608.65 price.
Bullish above 3% · Neutral at 3% or less. Never tagged Bearish.
8
Market capitalisation
₹25,958 cr
Neutral
At about ₹0.26 lakh crore the company was a small-cap.
How to read: Information only. Above ₹1 lakh crore large-cap, ₹30,000 crore–₹1 lakh crore mid-cap, below that small-cap (our rule of thumb).
9
Graham number vs price
₹559.19 vs ₹608.65
Neutral
Benjamin Graham's conservative fair-value yardstick √(22.5 × EPS × book value per share) came to ₹559.19; the price was 9% above it. Quality franchises usually trade above this number.
Bullish price below the Graham number · Neutral when the price is above it (most quality companies are).
B. Growth
#
Point
Reading
Tag
Commentary
10
Revenue growth FY26 (YoY)
+30.6%
Bullish
Revenue (interest earned) for FY26 was ₹13,366 crore, +30.6% versus FY25.
Bullish all tests passed, or all but one · Bearish half the tests or fewer passed · Neutral in between.
49
Automated screen flags
1 strength(s) · 3 weakness(es)
Neutral
Strengths: Company is expected to give a good quarter. Weaknesses: Company has low interest coverage ratio; Company has a low return on equity of 11.5% over last 3 years; Company has been maintaining a low dividend payout of 6.30% of profits over last 3 years. (Flags generated by the data source’s rule screen.)
How to read: Information only.
50
Fundamental summary
14 bullish · 3 bearish · 32 neutral · 0 caution
Bullish
On the numbers published by 31 Jul 2026 the fundamental picture leaned positive. Valuation: P/E 14.3×, P/B 1.86×. This describes the data, not a recommendation. How to read the score: the strongest possible reading is 49 bullish · 0 bearish, and the weakest is 0 bullish · 49 bearish. Most companies land in between. The numbers are called positive when bullish tags beat bearish ones by 4 or more and are at least 1.5 times as many, negative the other way round, and mixed otherwise. Even a 49–0 score describes the past and is not a reason to buy, and a 0–49 score is not a reason to sell.
Bullish bullish tags beat bearish ones by 4 or more and are at least 1.5× as many (“positive”) · Bearish the same the other way round (“negative”) · Neutral (“mixed”) otherwise. Strongest possible: 49 bullish · 0 bearish.
News in the three months before the snapshot
Company news from 01 May 2026 – 31 Jul 2026 that an investor could have known on the snapshot date.
12 May 2026IIFL Finance schedules meeting to consider up to Rs 10,000 crore debt issuance — IIFL Finance scheduled a meeting on May 15, 2026 to approve terms for issuing up to Rs 10,000 crore of non-convertible securities by private placement. source
10 Jun 2026IIFL Finance raises USD 500 million via senior secured notes — The company issued USD 500 million of fixed-rate senior secured notes under its global medium term note programme, with a 7.60% coupon and maturity in September 2029. source
10 Jul 2026IIFL Finance allots USD 300 million of senior secured notes — IIFL Finance approved allotment of USD 300 million of 7.60% four-year senior secured notes under its USD 1.5 billion GMTN programme. source
16 Jul 2026IIFL Finance sets Q1 FY27 board meeting and earnings call for July 22 — The company scheduled its board meeting and earnings call for July 22, 2026 to consider results for the quarter ended June 30, 2026. source
22 Jul 2026IIFL Finance Q1 FY27 consolidated profit rises 160% to Rs 713 crore — Consolidated PAT for April-June 2026 was Rs 713.1 crore, up 160% year-on-year; loan AUM rose 38% to Rs 1,15,523 crore, led by gold and home loans. The board also passed an enabling resolution to raise equity capital. source
What happened next (31 Jul 2026 → 30 Oct 2026)
Price went from ₹608.65 to ₹527.65 by 30 Oct 2026 (-13.3%) while the Nifty 50 moved -5.5% — underperforming by 7.9 points.
Highest ₹705.00 on 24 Aug 2026; lowest ₹512.70 on 26 Oct 2026.
S1 549.77: broken on a closing basis on 23 Oct 2026.
S2 534.98: broken on a closing basis on 23 Oct 2026.
R1 654.45: cleared on a closing basis on 21 Aug 2026.
R2 675.00: cleared on a closing basis on 21 Aug 2026.
200-day SMA: price was above it at the snapshot and crossed below on 23 Oct 2026.
24 Aug 2026Crisil reaffirms IIFL Finance ratings at AA/Stable — Crisil Ratings reaffirmed IIFL Finance's AA/Stable ratings on bank facilities and NCDs and A1+ on commercial paper, and enhanced rated bank facilities to Rs 11,493 crore. source
02 Sep 2026IIFL Finance allots Rs 350 crore of secured NCDs — The company allotted 35,000 secured NCDs worth Rs 350 crore on private placement, carrying 9.25% annual interest and maturing on September 1, 2028. source
08 Sep 2026IIFL Finance allots Rs 100 crore of unsecured debentures — IIFL Finance allotted 10,000 unsecured seven-year NCDs worth Rs 100 crore with a 9.35% coupon, maturing September 8, 2033. source
15 Oct 2026IIFL Finance Q2 FY27 profit rises 93% to Rs 805 crore — Profit after tax (pre-NCI) for July-September 2026 rose 93% year-on-year to Rs 805 crore, and consolidated AUM grew 38% to Rs 1,24,268 crore. source
Educational summary. On 31 Jul 2026 the technical picture leaned positive and the fundamental picture leaned positive. Over the next three months the stock moved -13.3% against -5.5% for the Nifty 50. Here the chart's message did not line up neatly with what followed — a reminder that indicators describe the past, not the future. One case proves nothing on its own; the value is in seeing many cases over time. This page does not say whether to buy, sell or hold IIFL Finance today.
Method designed by our founder, CPA · ACCA · CIA. Numbers are computed by our engine from the sources listed below.
Sources: daily prices — Yahoo Finance history pages; financials and shareholding — Screener.in (fetched 03 Nov 2026); index — Nifty 50 via Yahoo Finance; news — linked articles. Calculations by Manage Our Finance. Report a correction
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