ALSO READEmkay Global Financial hits 9-year high; soars 101% in 11 trading days Emkay Global rallies on pact with DBS for equity research distribution Why Credit Suisse likes Indian counterparts BJP's UP win won't bring 2014-like exuberance for markets: Dhananjay Sinha M&M Financial rallies 10% post Q1 results
The consolidated net profit of the company in Q1FY18 has jumped more than five-fold at Rs 8.17 crore against Rs 1.60 crore in an year ago quarter. The revenues from operations grew 66% to Rs 35.52 crore from Rs 21.43 crore in the corresponding quarter of previous fiscal year.
Since June 13, 2017, the stock has rallied 53% from Rs 136, after the company said it has entered into an exclusive pact with DBS Bank arm DBS Vickers Securities (Singapore) for sharing knowledge, co-branding and distribution of equity research to the latter's global clients. On comparison, the S&P BSE Sensex was up 2% during the period.
Emkay Global Financial Services is trading under “T” group on the BSE and NSE. In the trade—for—trade segment no speculative trading is allowed and delivery of shares and payment of consideration amount are mandatory.