Page 4 - Brokerages

Britannia dips 9% in 2 days, hits over 5-mth low; brokerages mixed

Britannia reported its Q2FY25 results on Monday, after market hours. PAT declined by 9.6 per cent to Rs 531 crore

Hit or Miss: How did top Samvat 2080 brokerage recommendations fare

The BSE Sensex has surged 23.26 per cent, while the Nifty50 climbed 25.29 per cent thus far in Samvat 2080

Angel One soars 9% post Q2 results, Motilal Oswal Financial hits new high

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.

Results preview: India Inc earnings, revenue growth in Q2 may stay muted

Low costs, higher margins may drive sequential pickup in profit growth

Brokerages stock fall up to 8% after Sebi curbs F&O rules; details here

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).

Angel One share up 7% as co revises brokerage charges; check new rates here

The rise in Angel One share price came after the company announced that it will revise brokerage charges with effect from November 1, 2024

Zerodha customers hold over Rs 5.66 trillion in demat accounts: Kamath

Nithin Kamath said that Zerodha had a profit of Rs 4,700 crore for FY24, with customers holding over Rs 5.66 trillion in demat accounts. The company now aims to reduce its reliance on F&O for revenue

Bharti Airtel's valuations to sustain on market share & cash flow gains

Given these triggers, brokerages believe that premium valuations for the stock are justified

Jhunjhunwala portfolio: This brokerage's stock has zoomed 53% in 3 weeks

Shares of Geojit Financial Services hit a record high of Rs 154.60, after surging 14 per cent on the BSE in Tuesday's intra-day trade amid heavy volumes.

Weak pricing offsets strong volume show of Indian agrochemical majors

Brokerages have downgraded earnings estimates for a few companies and expect only a gradual recovery over the next couple of quarters

Cement companies likely to continue raising prices until mid-Nov: Antique

Brokerage firm Antique predicts that the cost curve for cement is likely to continue sliding downward in the second half of the financial year 2024-25

In Hindustan Aeronautics' hangar: Orders and execution ready for takeoff

With a 55% stock rise, defence major is taxiing towards growth, and brokerages have upgraded their earnings forecasts

Housing.com's parent REA India's revenue rises 31% to Rs 563 crore in FY24

Revenue of REA India -- owner of Housing.com and PropTiger -- rose 31 per cent in the last fiscal ended June to Rs 563 crore helped by strong demand for residential properties, its CEO Dhruv Agarwala said. REA India, which is part of Australia's publicly listed firm REA, is a full-stack real estate technology firm and owns two online classified advertisement platforms Housing.com and Makaan.com as well as housing brokerage PropTiger. The company's revenue stood at around Rs 430 crore in the 2022-23 fiscal (July-June). Commenting on the performance, Agarwala said, "FY24 has been a year of significant growth and innovation for our company. The success of our online events, which achieved record collections, reflects our strong market presence and the effectiveness of our strategy." The company's new products and innovations, both for customers and home seekers, have gained great popularity among the target groups and boosted sales, he added. Moreover, Agarwala said the continued gro

Lupin stock soars: Analysts bullish on growth but valuation may cap upside

Brokerages sang in unison about Lupin's growth outlook but stayed divided on the valuation front with many calling the current trading values - a bit expensive

Brokerage firm Angel One invests Rs 250 cr in wealth management arm

Brokerage Angel One on Wednesday announced a Rs 250 crore investment into its wealth management arm with an eye to capitalize on the growing affluence in the country. The capital will be deployed to develop core technological infrastructure, leveraging AI and analytics, expand presence in key markets and develop product strategies, as per an official statement. Angel One Wealth has three business verticals, including HNI (high net-worth individuals), UHNI (ultra HNI) and alternate assets, it said. "Through Angel One Wealth we aim to cater to an expansive spectrum of clients, by leveraging technology and staying at the forefront of innovation," Angel One's chairman and managing director Dinesh Thakkar said. It can be noted that some of its peers, including IIFL, already have successful wealth management arms. The Angel One statement said there has been a rapid increase in the HNI population in the country, and is pegged to grow 16 per cent every year to 16.5 lakh by 2027. The com

Q1 Preview: Infosys to lead IT-pack, may see profits rise up to 10% YoY

Infosys is expected to lead the tier 1 Indian IT universe with the strongest growth, led by ramp-ups of multiple mega-deals, and a low base effectively providing one per cent kicker to June 2024

Geojit Fin Svcs zooms 11% after strong Q1 results; profit surges 107% YoY

Geojit Financial Services share price zoomed after the company on Saturday reported a 105 per cent year on year increase in net profits to Rs 45.81

Results preview: Capital goods cos may see rise in profit, dip in orders

Order inflows expected to have declined in June quarter due to LS elections

Explained: Sebi order on MII charges; Impact on stock brokers, investors

All you need to know about Sebi's order on MIIs charges on turnover fees; why they should be uniform in nature and how will it impact the stock brokers and end investors.

Nomura raises Bharti Airtel target price post tariff hike, sees 14% upside

In the post-paid segment, tariff adjustments range from 10-20 per cent, with popular plans seeing increases of 10-13 per cent