Page 6 - Brokerages
Margin of safety
ASBA must be properly tested for secondary markets
 "Margin of safety")
Sebi issues debt broker license to Zerodha-backed GoldenPi Technologies
The Securities and Exchange Board of India (Sebi) has issued a debt broker license to Bengaluru-based fintech firm GoldenPi Technologies. With the development, GoldenPi became the first online bond platform provider to receive a debt brokerage license from Sebi. Last year, the regulator introduced regulations for online debt trading platforms which stated that no company or individual shall act as an online bond platform provider without the certificate of registration as a stock broker under the SEBI Regulations, 2021. The awarding of the license by Sebi to GoldenPi is expected to work as a catalyst for greater investor trust in the online bonds and debentures investment space, the company said in a release. "We are extremely delighted to have received the license and are confident that this would incentivise more investors to invest in the debt market with utmost trust," said Abhijit Roy, CEO and co-founder, GoldenPi. Incorporated in 2017, the Zerodha-backed company currently of
 "Sebi issues debt broker license to Zerodha-backed GoldenPi Technologies")
Multiple growth avenues may give a fillip to Sumitomo Chemical stock
The stock has recovered some lost ground since November, as the Glyphosate herbicide overhang is behind for now
 "Multiple growth avenues may give a fillip to Sumitomo Chemical stock")
Brokerages pick banks, infra and telecom for 2023 play; IT, metals may drag
The banking sector was a standout performer in 2022 with the Nifty PSU Bank rallying almost 70 per cent
 "Brokerages pick banks, infra and telecom for 2023 play; IT, metals may drag")
From SBI to IHCL: 23 stocks brokerages are betting for 2023
So far in calendar year (CY22), frontline indices Nifty50 and the S&P BSE Sensex have climbed around 4 per cent each, as against 10-20 per cent fall in most of the global indices
 "From SBI to IHCL: 23 stocks brokerages are betting for 2023")
Agrichemical exporters expected to clock better growth than domestic peers
Brokerages have a mixed outlook on margin trajectory for the sector
 "Agrichemical exporters expected to clock better growth than domestic peers")
New assets, expansion to drive growth for mall firm Phoenix Mills
Brokerages expect double digit earnings growth over the next three years
 "New assets, expansion to drive growth for mall firm Phoenix Mills")
Brokerages positive on Godrej Consumer on growth recovery, lower costs
Extent of margin gains will depend on extent of ad spends and price cuts
 "Brokerages positive on Godrej Consumer on growth recovery, lower costs")
Profit-led rally in GIC may fizzle out sans turnaround in underwriting biz
Unless the underwriting business starts looking up, brokerages are reluctant to give a buy call on the stock despite the recent rally
 "Profit-led rally in GIC may fizzle out sans turnaround in underwriting biz")
Charging bulls or grappling bears? Stocks & sectors to buy and sell in 2023
Here's how leading brokerages and research houses expect 2023 to play out for the equity markets, and their sector preferences
 "Charging bulls or grappling bears? Stocks & sectors to buy and sell in 2023")
New norms likely to hit demand, keep CG Consumer stock under pressure
The new norms will make it mandatory for ceiling fans to have star ratings, as is currently the case with air conditioners and refrigerators
 "New norms likely to hit demand, keep CG Consumer stock under pressure")
'Underweight' on India, China to lead Asian outperformance in 2023: Nomura
The key risks identified by the brokerage are stretched government finances and oil prices going past $120 a barrel
 "'Underweight' on India, China to lead Asian outperformance in 2023: Nomura")
NSEL scam: Sebi bans five major commodity brokers for six months
The brokers had appealed to the Securities Appellate Tribunal (SAT) against a previous order by Sebi issued in 2019
Settlement scheme to be extended for 150 brokers from December 19
The scheme ends on January 19, 2023; terms and conditions will be made available on date of commencement
 "\"Differentiated offerings should be the criteria for selecting a broker\"")
Nifty to reach 20,500 by end-2023, implying 12% price return: Goldman Sachs
Says India's 'superior' earnings growth appears to be priced in, sees 'modest' contraction in P/E multiples going ahead; stay overweight on banks, insurers, and investment cyclicals
 "Nifty to reach 20,500 by end-2023, implying 12% price return: Goldman Sachs")
CDSL malware attack hits broking ops; Sebi, Cert-in to probe incident
Brokering industry players said the disruption caused by the malware attack could have been more adverse if not for the weekend
 "CDSL malware attack hits broking ops; Sebi, Cert-in to probe incident")
Brokerages see margin expansion at auto firms as outlook turns positive
Higher volumes and softer raw materials to drive expansion
 "Brokerages see margin expansion at auto firms as outlook turns positive")
ITC hits new high on solid Q2 performance; analysts see up to 16% upside
Analysts believe ITC would continue to grow in its core business of Cigarettes and FMCG with stable taxation & softening of raw material prices.
 "ITC hits new high on solid Q2 performance; analysts see up to 16% upside")
Weak volumes remain an overhang on Whirlpool stock; Q2 sales hit
Volatility in commodity prices and rise in competitive intensity are expected to weigh on margins
 "Weak volumes remain an overhang on Whirlpool stock; Q2 sales hit")
