Page 2 - Brokerages

Brokerage firm Angel One invests Rs 250 cr in wealth management arm

Brokerage Angel One on Wednesday announced a Rs 250 crore investment into its wealth management arm with an eye to capitalize on the growing affluence in the country. The capital will be deployed to develop core technological infrastructure, leveraging AI and analytics, expand presence in key markets and develop product strategies, as per an official statement. Angel One Wealth has three business verticals, including HNI (high net-worth individuals), UHNI (ultra HNI) and alternate assets, it said. "Through Angel One Wealth we aim to cater to an expansive spectrum of clients, by leveraging technology and staying at the forefront of innovation," Angel One's chairman and managing director Dinesh Thakkar said. It can be noted that some of its peers, including IIFL, already have successful wealth management arms. The Angel One statement said there has been a rapid increase in the HNI population in the country, and is pegged to grow 16 per cent every year to 16.5 lakh by 2027. The com

Q1 Preview: Infosys to lead IT-pack, may see profits rise up to 10% YoY

Infosys is expected to lead the tier 1 Indian IT universe with the strongest growth, led by ramp-ups of multiple mega-deals, and a low base effectively providing one per cent kicker to June 2024

Geojit Fin Svcs zooms 11% after strong Q1 results; profit surges 107% YoY

Geojit Financial Services share price zoomed after the company on Saturday reported a 105 per cent year on year increase in net profits to Rs 45.81

Results preview: Capital goods cos may see rise in profit, dip in orders

Order inflows expected to have declined in June quarter due to LS elections

Explained: Sebi order on MII charges; Impact on stock brokers, investors

All you need to know about Sebi's order on MIIs charges on turnover fees; why they should be uniform in nature and how will it impact the stock brokers and end investors.

Nomura raises Bharti Airtel target price post tariff hike, sees 14% upside

In the post-paid segment, tariff adjustments range from 10-20 per cent, with popular plans seeing increases of 10-13 per cent

Here's why Nuvama remains upbeat on Prince Pipes; Check target price here

Analysts attributed this outlook to India's burgeoning real estate sector recovery and robust infrastructure developments, which are driving demand for plastic pipe manufacturers like Prince Pipes

Groww's active client base tops 10 mn; becomes 1st broker co to attain feat

Zerodha Broking, which is the country's most profitable brokerage, has UCCs of 7.51 million, cornering an 18 per cent market share

Brokerages bullish despite BJP falling short of mandate in LS elections

Analysts expect India's macro stability to remain intact but see a hit to India's premium valuations

Nomura upgrades Eureka Forbes to 'Buy', sees 23% upside on cheap valuation

Margins, too, analysts at Nomura added, have multiple tailwinds from higher spare/ service revenue, direct-to-consumer sales, and operating leverage, which will drive expansion

Lok Sabha 2024 poll result on June 4:Brokerage expectation, market strategy

Here's how leading foreign and domestic brokerages have interpreted the Lok Sabha 2024 election-related developments thus far, their poll outcome scenarios and market strategy

Paytm drops 3% after Q4 loss broadens; check trading strategy here

The decline followed the company's announcement of its Q4 results, which fell short of market expectations. Paytm's loss widened to Rs 549.6 crore in Q4FY24

Brokerages mixed on Eicher Motors after Q4; check latest target prices

Overall, Eicher Motors reported promising numbers, with profits surging over 31 per cent to Rs 983.3 crore in Q4FY24, compared to Rs 747 crore in Q4FY23

Hero MotoCorp zooms 6% on robust Q4 performance; brokerages remain bullish

The company's reported better-than-expected gross margins but it was offset by higher, marketing spends toward EV and premium motorcycle segments during the quarter

Dr Reddy's Labs slumps 5% as brokerages give 'Reduce' call post Q4 earnings

The miss was driven by lower Revlimid sales, muted growth across markets and higher R&D spends. While the prevailing US tailwinds provide stability, absence of any meaningful approvals for Dr Reddy's

Broking industry aims to double customer count in 2 years: Dhiraj Relli

Relli delves into the broking house's journey and highlights key trends in the broking industry

Motilal Oswal Financial bonus issue plan buzz: Stock up 5%, hits record high

Thus far in the calendar year 2024, the stock price of MOFSL has appreciated by 76 per cent

Brokerage firm Groww seals top spot with nearly 23% market share

Rival Zerodha trails, market share slipped to 17.9 per cent

Steady Ebitda, mixed margins expected for capital goods firms in Q4

Many engineering and capital goods companies are currently executing multi-year high order books

Zomato hits new high in subdued market; stock zooms 55% thus far in CY24

In the past one year, Zomato's stock price has appreciated nearly four-times or 270 per cent from a level of Rs 51.75.