Broking Business

Angel One reported a healthy 44 per cent year-on-year jump in its consolidated profit after tax at Rs 423.4 crore, in the September 2024 quarter.

Sebi's proposed changes will significantly impact discount brokers, whose business relies heavily on retail F&O trades, Vora said in this interview

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Also, a sharp U-turn in market secondary sentiment also helped draw new investors, said broking industry players

Groww set to become number one in active investors, but Zerodha remains most profitable

As trading volumes are likely to be firm, broking industry revenues could be healthy in fiscal 2023-24 (FY24), even as the yields may not have much further to fall

Analysts anticipate the broking revenue to remain stable in FY24, while expect strong growth in the distribution business and in interest income, led by strong growth in the MTF book

"Maximum returns are seen when small-caps of yesteryear become mid-caps of today and large-caps of tomorrow", says Krishna Kumar Karwa

The profitability of the domestic broking industry fell to 34 per cent in Q1FY23 from 38 per cent in the similar period last year due to geopolitical concerns and the adverse macroeconomic outlook

The influx of retail investors to the market is also visible from the 179 per cent increase in trading volumes during the first nine months of FY22

Angel Broking registered the highest ever quarterly and yearly gross client addition of approximately 1 million and 2.4 million clients in Q4FY21 and FY21, respectively

The main concern for the PSU banks is governance, says Pradeep Gupta of Anand Rathi Shares & Stock Brokers

'The ongoing investor exuberance is expected to wane gradually. The trading volumes are expected to moderate compared to the peak witnessed in the last few months,' says an ICRA official

Today, barely 3 per cent of our population currently invests in stocks or mutual funds; we see great opportunity to expand

ICICI Securities saw brokerage income jump 61 per cent, while Motilal Oswal saw strong traction in cash market share and the highest ever quarterly client addition

The number of active investors has gone up 30-40% for most top brokers after the Covid outbreak

Zerodha CEO Nithin Kamath says not being answerable to anyone is the best part of his life, so the company is not looking for a funding

Branch numbers decline as firms switch to online trading via smartphones