Broking Firms

Angel One shares dip nearly 5% after announcing November business update

The brokerage firm reported a near 15% dip in Gross Client Acquisition in November; the dip, however, can be attributed to lesser number of trading days last month.

AMCs, broking stocks rally up to 15%; Aditya Birla, UTI, CAMS at new peak

Outlook for equities remains positive over the medium to long term considering the structurally robust domestic growth outlook, healthy corporate profitability and supportive government policies.

Angel One soars 9% post Q2 results, Motilal Oswal Financial hits new high

Angel One reported a healthy 44 per cent year-on-year jump in its consolidated profit after tax at Rs 423.4 crore, in the September 2024 quarter.

Angel One share up 7% as co revises brokerage charges; check new rates here

The rise in Angel One share price came after the company announced that it will revise brokerage charges with effect from November 1, 2024

Sebi cancels registration of LFS Broking, bans MD for 5 yrs over violations

Markets regulator Sebi on Friday cancelled the registration of LFS Broking and barred its MD Saiyad Jiyajur Rahaman from being employed or associated with any registered intermediary for five years for violating market norms. The regulator also cancelled the registrations of LFS Broking as a stockbroker, portfolio manager, depository participant, and research analyst. "I note that since the Noticee No. 2 (Saiyad Jiyajur Rahaman) has not acted with integrity, and honesty and has not displayed ethical behaviour and fairness, he ceases to be a fit and proper person in terms of the Intermediaries Regulations," Sebi's Whole time member Kamlesh C Varshney said in the 56-page order. Further, Sebi observed the conduct of LFS Broking, where it allowed to use the registration certificates in collusion with Rahman, to deceive investors for the illegal mobilisation of funds. The markets watchdog holds that the brokerage firm is also not satisfying the criteria prescribed under the Intermediari

ICICI Securities Q4 results: Profit doubles to Rs 537 cr, revenue up 74%

Brokerage house ICICI Securities on Thursday reported a two-fold jump in profit after tax to Rs 537 crore for three months ended March 2024. In comparison, the company posted a profit after tax (PAT) of Rs 263 crore in the year-ago period, ICICI Securities said in a regulatory filing. The company's total revenue soared 74 per cent to Rs 1,544 crore in the fourth quarter, from Rs 885 crore in the January-March quarter of financial year 2022-23. The broking firm's total client assets reached about 7 lakh crore as of March 2024, marking a 19 per cent year-on-year (YoY) increase. Further, ICICI Securities has declared a second interim dividend of Rs 17 per share, taking the full-year dividend to Rs 29 apiece. For the full financial year FY24, the company posted a PAT of Rs 1,697 crore, marking a 52 per cent YoY increase, and revenue stood at Rs 5,051 crore for FY24, up 47 per cent from the preceding fiscal. Besides, the broking firm announced that its board of directors in its meetin

Bull run inspires another 4 million to open demat accounts in February

Influx of new investors shows that more households are taking to direct investing

Anugrah Stock & Broking case: SAT quashes Edelweiss Custodial appeal

SAT has upheld the order by the committee

Broking industry adds 2.8 mn new investors in Nov amid surging stock prices

Also, a sharp U-turn in market secondary sentiment also helped draw new investors, said broking industry players

Retail broking industry's top line set for a five-year leap: Bain & Company

Rides the wave of mass affluence, financial literacy, and digital revolution

Broking industry must prepare for next downturn: Samco CEO Jimeet Modi

Modi says that the account aggregator framework will be the next game changer for the industry

Broking industry's race to the top: Groww poised to pip Zerodha, but...

Groww set to become number one in active investors, but Zerodha remains most profitable

French banking major BNP Paribas looks to sell retail broking arm Sharekhan

BNP's acquisition was completed in 2016 after receiving approvals from all regulatory authorities

Broking industry revenues could be healthy in FY24, says Dhiraj Relli

As trading volumes are likely to be firm, broking industry revenues could be healthy in fiscal 2023-24 (FY24), even as the yields may not have much further to fall

Angel One dips 7% as NSE bars onboarding of new authorised persons

Angel One said NSE's order does not affect the existing business or the activities of the APs affiliated with the company.

ICICI Securities surges 7% to hit 7-month high on strong growth prospects

Analysts anticipate the broking revenue to remain stable in FY24, while expect strong growth in the distribution business and in interest income, led by strong growth in the MTF book

Broking industry growth moderating after strong FY22, says ICRA

ICRA believes that the outlook for the brokerage industry is stable, though its revenue trajectory and profitability are expected to moderate from the FY22 levels

Profitability of domestic broking companies calms after a strong FY22: ICRA

The profitability of the domestic broking industry fell to 34 per cent in Q1FY23 from 38 per cent in the similar period last year due to geopolitical concerns and the adverse macroeconomic outlook

Brokerages' shares come off highs amid hazy outlook, rising interest rates

Shares of leading listed brokerages have declined between 26% and 46% from 2022 highs

Broking industry set for record revenue in FY22; FY23 looks muted: Report

The influx of retail investors to the market is also visible from the 179 per cent increase in trading volumes during the first nine months of FY22