Page 5 - Brokerages

Broking industry aims to double customer count in 2 years: Dhiraj Relli

Relli delves into the broking house's journey and highlights key trends in the broking industry

Motilal Oswal Financial bonus issue plan buzz: Stock up 5%, hits record high

Thus far in the calendar year 2024, the stock price of MOFSL has appreciated by 76 per cent

Brokerage firm Groww seals top spot with nearly 23% market share

Rival Zerodha trails, market share slipped to 17.9 per cent

Steady Ebitda, mixed margins expected for capital goods firms in Q4

Many engineering and capital goods companies are currently executing multi-year high order books

Zomato hits new high in subdued market; stock zooms 55% thus far in CY24

In the past one year, Zomato's stock price has appreciated nearly four-times or 270 per cent from a level of Rs 51.75.

Mutual funds' equity buying hits record Rs 45,120 crore in March

Robust inflows amid mid, smallcap correction and large block deals

FY24's best-performing stock has more legs to run, say analysts

HDFC Securities foresees BSE derivatives market share breaching 30% by FY26; locks in target price of Rs 3,050

Brokerages see up to 25% upside for ITC post BAT stake sale

With today's sharp rally, technically ITC is seen trading close to its long-term moving average on the daily charts.

Jefferies suspends Paytm coverage amid uncertainty; shares jump 5%

Shares of Paytm gain for the second straight session

Data breach: No impact on biz ops, says Motilal Oswal Financial Services

Cybercrime group LockBit had claimed the attack on MOSL on its dark web site, according to a report by news portal TechCrunch

Q3 review: Listed AMCs on strong wicket but most positives factored in

The companies are likely to remain on the growth path in the coming quarters too, say brokerages

Hindustan Unilever hits fresh 52-week low; brokerages share mixed outlook

Analysts at Emkay Global Financial Services believe demand slowdown, competitive pressure, distribution stress, and rising royalty rates are likely to have an overhang on HUL's valuations.

Brokerages divided on L&T's new order prospects, exposure to West Asia

L&T's management indicated the pace of new orders in the domestic market had slowed and there would be weakness for the two quarters between now and June 2024 owing to the Lok Sabha elections

Maruti Suzuki Q3: Analysts expect profitability to weaken QoQ; here's why

Maruti Suzuki news: Analysts expect Q3 earnings to take a hit on a sequential basis on the back of adverse product mix and higher discounts offered during the December quarter.

ICICI Securities Q3 results: Net profit jumps 66% to Rs 466 crore

Brokerage house ICICI Securities on Tuesday reported a 66 per cent year-on-year jump in Profit After Tax (PAT) to Rs 465.7 crore in three months ended December 2023. In comparison, the company had posted a PAT of Rs 280.9 crore in the October-December quarter of the preceding fiscal (FY23), ICICI Securities, a part of ICICI Group, said in a regulatory filing. The company registered a revenue of Rs 1,323.3 crore in the quarter under review, marking a 50 per cent year-on-year (YoY) surge from Rs 879.9 crore in the three months ended December 31, 2022. The increase in revenue was led by growth in broking income in the cash segment along with the investment banking segment. "We continue to grow with our focus on the acquisition of quality clients, gaining market share in revenue-generating segments, growing our distribution business, enhancing customer experience and continued investment in enhancing franchise as well as technology. Overall, we strongly believe that the medium to long

New block facility sees token trades in 1st week as only few able to avail

The so-called ASBA facility, which has become operational from January 1, has seen only 'token trades' with a limited set of customers making use of the facility

Brokerages firms bullish on largecaps for better returns in 2024

The concern for most brokerages is valuations. Given the sharp rally in midcap and smallcap indices, investors are better off sticking with largecaps in 2024

Small stocks lead D-St on bull run in 2023, give big returns to investors

Smaller stocks have emerged as Dalal Street's favourites in 2023 that has turned out to be a "great year" for equities, rewarding investors with big gains, driven by optimism over the country's macroeconomic fundamentals and heavy retail investors participation. Experts said equity markets are experiencing a prolonged bull run and it is during this time that the midcap and smallcap segments tend to outshine their larger counterparts. Till December 22 this year, the BSE smallcap gauge has jumped 13,074.96 points or 45.20 per cent while the midcap index has surged 10,568.18 points or 41.74 per cent. In comparison, the BSE 30-share benchmark Sensex has rallied 10,266.22 points or 16.87 per cent during this period. The smallcap index scaled its all-time high of 42,648.86 points on December 20 this year and the midcap gauge also reached its record peak of 36,483.16 points on the same day. The BSE benchmark also hit its lifetime high of 71,913.07 points on December 20. The midcap index

Gretex Share Broking files draft papers with Sebi to raise funds via IPO

Gretex Share Broking has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The IPO is a combination of fresh issue of 1.67 crore equity shares and an offer-for-sale (OFS) of 30.96 lakh shares by selling shareholders, according to the draft red herring prospectus (DRHP) filed with Sebi on Friday. Proceeds from the fresh issue would be used towards working capital requirements and for general corporate purposes. Mumbai-based Gretex Share Broking is engaged in the business of market making and stock broking, underwriting capital markets issuances and depository participants of NSDL. Pantomath Capital Advisors is the sole book running lead manager to the issue. Equity shares of the company will be listed on the BSE and NSE.

Retail broking industry's top line set for a five-year leap: Bain & Company

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