Page 4 - Brokerages

Brokerages expect revenues to remain under pressure for Asian Paints

Motilal Oswal Research said in its report, "with input costs on the rise, the margin gains in the second half of FY24 are not expected to mirror those seen in the first half of FY24."

Growing bets on India likely to sustain outperformance, say experts

One of the major reasons for the underperformance of EM peers is the underperformance of China, which has the biggest weight in the MSCI EM and MSCI Asia Pac ex-Japan indices

ITC's stock may remain range-bound post July-September quarter show

Most brokerages have cut their earnings estimates marginally to factor in the weak performance of the paperboards division

ICICI Securities reports 41% growth in PAT to Rs 424 cr in Sept quarter

ICICI Securities, a part of the ICICI Group, on Monday reported a 41 per cent year-on-year growth in profit after tax to Rs 424 crore in three months ended September. In comparison, the company had posted a PAT (profit after tax) of Rs 300.4 crore in the year-ago period, the brokerage house said in a filing to stock exchanges. Total income surged 44 per cent year-on-year to Rs 1,249 crore in the quarter under review, from Rs 865.63 crore in the second quarter ended September 2022, led by growth in broking income with cash and derivative segment gaining momentum along with growth in investment banking segment. "This quarter again we were able to demonstrate the benefits of pivoting to a customer centric coverage model. We continue to grow with our focus on acquisition of quality clients, gaining market share in revenue generating parameters across segments, growing our distribution business with a sharp focus on loans and mutual funds," Vijay Chandok, Managing Director and CEO of ICI

Groww topples Zerodha to become largest broker in terms of no. of clients

Zerodha remains the most profitable brokerage, clocked net profit of Rs 2,907 cr in FY23

Margin recovery key for Blue Dart Express stock, volume growth expected

Operating profit margins expected to rise 13% in FY25 on better capacity utilisation, lower Brent-ATF disparity

ICICI Securities shares gain nearly 5% as delisting bid faces test

Under the scheme, the public shareholders of ISec would be allotted 67 shares of ICICI Bank for every 100 shares of the brokerage firm

Higher growth, margin expansion likely to drive further gains for Emami

Valuations, reduction in share pledge are the other triggers for the stock

Sebi cancels registration of 2 firms in NSEL paired contracts case

Capital markets regulator Sebi on Wednesday cancelled the registration of two brokerage firms -- Pinnacle Brocom and Padmakshi Commodities -- for facilitating its clients to trade in illegal paired contracts on the now defunct National Spot Exchange Ltd. The trading activities of the brokers in paired contracts for its clients on NSEL platform have serious ingredients jeopardising the reputation, belief in competence, fairness, honesty, integrity and character in the securities market, Sebi's Executive Director V S Sundaresan said in two separate orders. The regulator has asked the brokers to allow its existing clients to transfer their securities or funds held in its custody within 15 days. In case of failure of any clients to withdraw or transfer their securities or funds within this period, the brokers will transfer the funds and securities of such clients to another broker within a period of the next 15 days there from under advice to the clients. In September 2009, NSEL ...

Improving US outlook, margin gains keep Street positive on Cipla stock

Lower depreciation led to a 45 per cent increase in adjusted net profit and the same was 25-35 per cent higher than what the street had estimated

Despite lower Q1 bookings, DLF on course to hit FY24 sales target

The company maintained its pre-sales guidance of Rs 12,000 crore to Rs 13,000 crore, riding on 11.2 million square feet of launches

Incorrect details of brokerage collateral invites scrutiny from NSE

Includes uploading of multiple files with same data, undisclosed granular numbers, and not reporting client data

ICICI Securities Q1 profit remains flat, revenue up 17.5% to Rs 934 crore

The company said that it added 210,000 clients during the June quarter taking the overall customer base to around 9.3 million

Choice International reports 3-fold rise in profit after tax to Rs 21.3 cr

Brokerage house Choice International on Monday reported a nearly three-fold growth in profit after tax to Rs 21.3 crore in the June quarter. In comparison, the broking company had a PAT of Rs 7.7 crore in the year-ago period, the Mumbai-based firm said in a regulatory filing. Its total revenue jumped 77 per cent to Rs 139.3 crore in the first quarter of the current fiscal from Rs 78.7 crore in 2022-23. Choice International said 59 per cent of its revenues came from the stock broking business, 28 per cent from the advisory segment and the remaining 13 per cent from its non-banking financial company segment. The company added 41,000 demat accounts in the June quarter, taking the total number to 7.21 lakh. In late afternoon trade on the BSE, shares of Choice International gained 2.21 per cent to Rs 354.1 apiece.

India Inc may see over 22% profit jump in Q1; revenue growth may disappoint

Automakers, banks likely top performers

7 IPOs this week but don't make these 10 mistakes in pursuit of gains

The most common mistake than investors make that can be a trap and hinder your financial success is following the herd mentality

Angel One, Emkay Global: Brokerage stocks may rally up to 15%, show charts

Trend of brokerage firms appear attractive on technical charts, progressive uptrend to continue.

ICICI Securities surges 15%; board to mull share delisting on June 29

The company plans to delist its equity shares pursuant to a Scheme of Arrangement with ICICI Bank.

Analysts see over 18% upside in Tata Motors; here's why

Brokerages have retained 'Buy' rating on Tata Motors post the recent JLR investor day meet.

Angel One client base jumps 44% in May, retail equity market share rises 4%

Angel One saw a 22.4 per cent rise in average daily orders to 4.12 million from 3.36 million last May