Broking houses shares in focus; Geojit zooms 20%, Angel Broking surges 17%

Among other stocks, Motilal Oswal Securities was up 5 per cent in intra-day trade, while ICICI Securities and 5paisa Capital were up 2 per cent on the BSE

Shares of companies engaged in broking business rallied by up to 20 per cent at the bourses on Monday on expectation of strong earnings growth due to the uptick in the markets and a healthy addition of new clients.

Geojit Financial Services was locked in 20 per cent upper circuit at Rs 57.75, also its 52-week high on the BSE on the back of heavy volumes. The stock has rallied 44 per cent in the past three days. The trading volumes on the counter jumped over five-times with a combined 4.3 million shares changing hands. There were pending buy