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Angel One, Emkay Global: Brokerage stocks may rally up to 15%, show charts

Trend of brokerage firms appear attractive on technical charts, progressive uptrend to continue.

stock market, brokerages, funds, investments, investors, markets
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Technical outlook on brokerages

Avdhut Bagkar Mumbai

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Shares of ICICI Securities will be in limelight ahead of the board meeting on Thursday over the delisting of the company’s shares from stock exchanges. So far, the stock has rallied 22 per cent in last four sessions hitting a new 52-week high.  

On Tuesday, competitive brokerage companies like Angel Broking and Geojit Financial Services soared over 2 per cent each, while Motilal Oswal Financial Services and Emkay Global Financial Services traded sideways. ICICI Securities’ shares saw profit booking with a cut of 2 per cent.

Here’s the technical outlook for brokerage stocks amid proposal of delisting ICICI Securities:-

Motilal

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First Published: Jun 27 2023 | 11:41 AM IST

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