Shares of the largest listed brokerage have nearly halved this year
Shares of leading listed brokerages have declined between 26% and 46% from 2022 highs
Zerodha has used its technological prowess and a deep discounting model to disrupt the Indian brokerage industry in ways few had imagined
Brokerages expect a recovery in H2, aided by easing commodity/supply concerns
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Here are 10 stocks which are most popular with brokerages right now and are expected to deliver maximum upside over the next 12 months
Both residential and leasing trends point to strong showing in FY23
For the ongoing fiscal year, the industry is expected to clock record revenues of Rs 28,000 crore, which will be around 30 per cent higher than those in FY21
Latest data shows rising concentration of clientele among top ten players
While commodity cost inflation will hurt margins, probable increase in fuel prices can potentially lead to demand deferment across segments, according to Motilal Oswal
These brokerages houses are bullish on banks and capital goods.
An expected improvement in the availability of semiconductors and robust demand outlook in the passenger vehicle market is also driving the upgrades
The relative outperformance of midcap stocks is in mid-cycle of multi year bull phase, and is expected to get further amplified
The company's customer addition during the pandemic was low in absence of an online demat account opening facility and onboarding of only parent bank customers
Also, the company aims to increase its customer base to 10 million by the end of FY2022 from 7 million currently, Upstox said in a statement.
Say it stands to benefit as market leader in health space, but risk of fresh Covid wave may weigh on profitability
While domestic growth is pegged at double digits, recovery in the US may take a couple of quarters
A majority of brokerages believed equities would be the best asset class for the next one year
The IPO opened for subscription on November 17 in the price band of Rs 665 to Rs 690
Since October, overseas investors have yanked out close to $2.6 bn