ICICI Securities hits fresh all-time high; stock surges 38% in a month

Elara Capital expects the company's broking revenue to go up 11 per cent QoQ and 40 per cent YoY in 1QFY21

Shares of ICICI Securities on Thursday gained 5 per cent to hit a fresh all-time high of Rs 552 on the BSE on expectation of good earnings for the quarter ended June 2020 (Q1FY21). In the past month, the stock had outperformed the market by surging 38 per cent, as compared to 8 per cent rise in the S&P BSE Sensex.

ICICI Securities, a subsidiary of ICICI Bank, is a technology-based firm offering a wide range of financial services including investment banking institutional broking retail broking private wealth management and financial product distribution. It is one of the pioneers