The cash holding, which rose to a high of 6 per cent in September, has been declining since October amid market correction
Wipro has broken out of a consolidation zone with a volume spike visible on the daily chart. Buying was visible across the IT Sector which may support the up move
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.
Shares of other listed brokerages fell as investors digested the impact of the stricter trading rules
Among individual stocks, 5Paisa declined 7.65 per cent, followed by IIFL Securities (down 4.76 per cent), Geojit Financial Services (down 3.32 per cent) and MOFSL (down 3.15 per cent).
Thus far in the current calendar year 2024, the stock has zoomed 165 per cent, as compared to 15 per cent rise in the BSE Sensex, data shows.
Latest Reserve Bank of India (RBI) data show bank deposits increased 10.8 per cent year-on-year (Y-o-Y) as of August 9, 2024, which is better than the medium- to long-term average growth
The outlook for Indian capital market related businesses continues to remain positive over the medium to long term.
his fund aims to capitalize on the ups and downs of the economic cycle by investing in companies that are poised to benefit from different stages of the business cycle.
Motilal Oswal Financial Services Ltd (MOFSL) on Thursday posted its highest-ever quarterly profit of Rs 1,021 crore for the April-June quarter of 2024-25, marking a 52 per cent jump from the year-ago period. The company reported a profit after tax (PAT) of Rs 671 crore in the same quarter preceding fiscal. Revenue from operations surged to Rs 2,312.3 crore in the April-June quarter of the current financial year (FY25) against Rs 1,501.5 crore in the corresponding period of the preceding fiscal, according to an exchange filing. The company's wealth management business posted a PAT of Rs 177 crore, a 69 per cent year-on-year increase. Further, net revenue for the segment grew by 42 per cent year-on-year to Rs 530 crore. Similarly, the asset & private wealth management business recorded a PAT of Rs 157 crore, up 30 per cent from the previous year. Also, net revenues for the business were at Rs 385 crore during the quarter under review, up 32 per cent year-on-year. MOFSL is a ...
The Nifty-50 is expected to deliver 12% earnings growth in FY25 over a high base of FY24 (+26 per cent Y-o-Y), said Khemka.
Market outlook July 02: Trading strategies for stock broking firms in India as the Sebi seeks parity on fees, stricter regulations to options trading.
Broking company stocks including Angel One, IIFL Securities, 5Paisa Capital, SMC Global, Motilal Oswal Financial Services and Geojit Financial Services fell in the range of 2-11 per cent
Sun Pharma, the brokerage said, is building an interesting specialty pipeline (under development) for addressing patient's needs in areas of dermatology, ophthalmology, and onco-dermatology
The company's shares ended at Rs 2,236, up 7.4 per cent over the previous close, valuing the company at Rs 33,315 crore
Rival Zerodha trails, market share slipped to 17.9 per cent
A retracement of up to 50 per cent of the recent fall, can lead up to 18% rally in shares of IIFL Securities, Geojit and Emkay, show technical charts.
Last year, the LockBit group also attacked Indian pharmaceutical company Granules India and India's state-owned National Aerospace Laboratories, as per TechCrunch.
The jump in profit was aided by comparatively lower growth in expenses
Angel One, Edelweiss Financial Services, Motilal Oswal Financial Services and IIFL Securities can potentially rally up to 24 per cent in 2024, suggest charts.