Page 9 - Brokerages

Angel Broking, Geojit: More upside likely for brokerage-related stocks

Increased volumes-based buying shows market participants' keen interest in brokerage firms

Near-term margin concerns and valuations weigh on Dr Lal Pathlabs

Some brokerages prefer Metropolis given higher realisation, revenue growth trajectory

Revenue growth of brokerages likely to moderate in next fiscal: Crisil

Broking industry revenue growth to moderate in FY22, rise in volatility and regulatory changes could weigh on volumes

Strong demat account addition is here to stay: Ravi Kumar of Upstox

In a Q&A, the Co-Founder and CEO of Upstox explains what has propelled the growth and the company's ambitious tie up with IPL

From JSW to SAIL, major steel companies' stocks show strong upside

Brokerages bullish on improving cycle and higher prices

Opaque world of trading

Archegos implosion: Regulators must ask some serious questions

Nomura faces tough questions over global plans after US client loss

Nomura and other investment banks may lose more than $6 billion after lending to Archegos Capital, a US investment firm run by former Tiger Asia manager Bill Hwang

Tiger Global-backed brokerage Upstox to sponsor Indian Premier League 2021

Tiger Global-backed online brokerage Upstox will sponsor the Indian Premier League starting April 9

Earnings estimates of India Inc see upgrade after strong Q3 results

Analysts at top brokerages raise FY21-FY23 estimates by 5-6%

Online brokerage Robinhood plans confidential IPO filing in March: Report

Online brokerage Robinhood, at the centre of this year's retail trading frenzy, is planning to file confidentially for an initial public offering as soon as March, a report said

Brokers, wealth managers hate us and we are okay with that: Nikhil Kamath

Last year, he and his brother Nithin jettisoned into a club of the country's 100 wealthiest with their net worth pegged at around Rs 24,000 crore

SC directs SAT to hear NSEL plea against 'not fit and proper' brokers

The National Spot Exchange Ltd (NSEL) said the Supreme Court has directed the Securities Appellate Tribunal (SAT) to allow the bourse to present its appeal in the "not fit and proper" case against brokers. The apex court, thus, rejected the opposition put up by senior advocate and former finance minister P Chidambaram on behalf of brokers, the NSEL said in a statement. The tribunal had refused to admit the plea on technical ground of delay, forcing the NSEL to move the Supreme Court, it said in the statement. Pursuant to an investigation, markets regulator Sebi had declared the brokers "not fit and proper" to function in the commodity segment, on finding the brokers (Motilal Oswal Commodities, India Infoline Commodities, Phillip Commodities, Anand Rathi Commodities and Geofin Comtrade) guilty of malpractices. The regulator's order came following the report by the EOW-Mumbai and complaint filed by the NSEL. "These brokerages were accused of offering assured returns, KYC (Know Your

After record FY21, brokerages' revenue growth to moderate in FY22: ICRA

'The ongoing investor exuberance is expected to wane gradually. The trading volumes are expected to moderate compared to the peak witnessed in the last few months,' says an ICRA official

Economic activity on verge of normalcy, GDP to grow 13.5% in FY22: Report

Economic activity is on the 'verge of normality' after getting severely hit by Covid-19, a Japanese brokerage said

Fiscal deficit may invite rating agencies' ire, Fitch may downgrade: Report

Global rating agencies may view the fiscally expansive budget proposals negatively, a brokerage said

Incomes of listed brokerages soar in Q3 amid robust client additions

Last year saw rise of 'Robinhood' phenomenon, or direct stock purchases during sharp correction; aggregate brokerage industry income up 8 per cent at Rs 21,000 cr in FY20

MCX's profit after tax rises 29% to Rs 72 crore in December quarter

The Multi Commodity Exchange of India (MCX) on Thursday reported a 29.20 per cent rise in its consolidated profit after tax (PAT) to Rs 71.80 crore for the December 2020 quarter.

Retail participation and higher volumes boost broking business in 2020

The number of active investors has gone up 30-40% for most top brokers after the Covid outbreak

Divi's Labs: New capex, margin expansion to support earnings growth

Brokerages expect the company's net profits to grow by 30 per cent annually over FY20-23

Discount model the new mantra for broking firms to gain market share

Kotak Securities (KSL), a full-service broker, on Thursday announced the launch of its Trade-Free Plan, with zero brokerage on intraday trades and Rs 20 per order for all other F&O trades