Emkay Global rallies on pact with DBS for equity research distribution

The stock hit 9-year high of Rs 149, up 10% on BSE. It rallied 75% in past seven days from Rs 85

Emkay Global Financial Services hit 9-year high of Rs 149, up 10% on BSE, 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.

The agreement involves sharing of knowledge, co-branding of research and its distribution to the global clients of DBS Vickers, Emkay said in a statement on Tuesday.

The alliance could facilitate DBS Vickers to enhance its service offering to its clients, while enabling Emkay to expand its reach, it added.

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