Buoyant market sentiment, record addition of clients lift brokerage stocks

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

Stocks of most brokerages have rallied substantially over the past year on the buoyant outlook for the sector and record addition of clients.

Angel One, IIFL Securities, and Geojit have seen their share prices zoom more than 100 per cent, while the likes of Emkay Global Financial Services and ICICI Securities have gained 92 per cent and 62 per cent, respectively, during the period.

This was during the period when the benchmark indices Sensex and Nifty50 rallied 51 per cent and 53 per cent, respectively.

According to market observers, the broking industry has witnessed a lot of changes over the past few years,