Page 8 - Brokerages

Bank-owned brokerages to show up to 20% profit growth in FY22: Icra

Surge in trading volumes to drive better show; huge competition from discount brokerages a challenge; capital market linked loan book shows 100% CAGR

CLSA, Goldman Sachs join growing chorus of India's 'expensive' valuations

CLSA, Goldman Sachs latest to highlight concerns

Not only indices, even Indian brokerages' stocks are booming now

Not only key stock market indices but even listed brokerages' stocks have witnessed a rally

Brokerages turn cautious on India amid concerns over pricey valuations

The Indian markets have gained 30 per cent so far this year, even as the MSCI Asia Pacific ex-Japan index is flat

Brokerage Sharekhan to include ESG rating of stocks in research reports

To help its customers take well-informed investment decisions, brokerage Sharekhan has decided to include ESG (environment, social and governance) rating of stocks in its research report going forward

Buoyant market sentiment, record addition of clients lift brokerage stocks

Share prices of many brokers have surged over 100% in a year

Angel Broking adds 450,000 customers in Aug on millennial-centric approach

Angel Broking on Thursday said it has onboarded 450,000 customers in August, taking the total base to 6.1 million

Brokerages bet on digital talent, ramp up hiring amid market surge

The aim is twofold: bring down cost of customer acquisition, while improving user experience

Brokerages upgrade Tech Mahindra on Q1 show, double-digit growth outlook

Inexpensive valuations provide support to the stock

June-quarter miss, valuations may restrict upside in Nestle India

Brokerages have cut their profit estimates by 3-5 per cent

Axis Bank slips over 1% ahead of Q1 results today; here's what to expect

Emkay Global expects the net profit to zoom 97 per cent YoY and contract 18 per cent QoQ at Rs 2,196 crore

L&T Q1 Preview: Net profit may slide up to 60% QoQ, say analysts

Here's what leading brokerages expect from the infra major's Q1 results

Robinhood seeks $35-billion valuation in mega initial public offering

Robinhood aims to raise more than $2 billion in its public debut, planned for later this summer

Brokerages, securities analysis industry good vehicles to ride bull-run

Larger firms garnering market share amidst good growth in industry

Edelweiss Financial Services to sell its 70% stake in insurance broking JV

Edelweiss Financial Services on Friday said it will exit the insurance broking business by selling its 70 per cent stake in Edelweiss Gallagher Insurance Brokers Ltd for Rs 307.60 crore. "The company has entered into an agreement... to divest its entire shareholding (currently 70 per cent) in Edelweiss Gallagher Insurance Brokers Ltd, a subsidiary, engaged in the business of insurance broking to Arthur J Gallagher & Co...," Edelweiss Financial Services said in a regulatory filing. Gallagher, who previously held 30 per cent in the business, will now be acquiring all the remaining shares, taking its stake to 100 per cent, the filing added. The company said, as per the agreement 37,00,000 equity shares of Rs 10 each representing 70 per cent of the paid up share capital of Edelweiss Gallagher Insurance Brokers held by the company to be sold for a consideration of Rs 307.60 crore, in one or more tranches, in the manner as set out in the agreement. In addition to the sale consideration,

On the radar: Analysts expand coverage amid sharp stock market rally

200 firms of the BSE 500 universe are tracked by more brokerages than a year ago

Contract mfg, exports add to revenue visibility for Sumitomo Chemical

Revenue growth, higher share of specialty products to improve margins going ahead

'Don't want to fly in private jet, own a yacht': Zerodha CEO Nithin Kamath

Nithin and his brother expected to earn home a salary of up to Rs 100 crore each for running India's largest stock brokerage firm. Nithin's wife to get same salary package as well.

Zerodha's Kamath brothers, Seema Patil to get up to Rs 100 cr salary each

Company plans ESOP buyback at $2-bn valuation

Lagging behind: Brokerage firm CLSA flags 'odd' Indian financials trend

The Nifty Financial Services index is up 8.1 per cent on a year-to-date basis. In comparison, the Nifty50 index has gained 9.7 per cent