While lack of clarity on outlook of insurance business has weighed on valuations of parent firms, retail loan growth and fee income need to be closely watched
The stock hit an all-time high of Rs 463 on April 2018 on the BSE
Despite the ongoing slowdown, the company has posted strong organic growth in the past couple of quarters
ICICI Securities has settled the case by paying over Rs 28 lakh towards settlement charges, the Securities and Exchange Board of India (Sebi) said in a settlement order
Accordingly, the Securities and Exchange Board of India (Sebi) disposed of the adjudication proceedings
Investors advised to wait for traction in revenues and margins before considering stock
While fuel cost is the single largest cost head for airlines, a weaker rupee means higher maintenance outgo, increased lease and interest costs on foreign currency loans
In the past two months, ICICI Securities has outperformed the market by surging 57 per cent, as compared to a 7 per cent rise in the S&P BSE Sensex.
Market rarely reacts to the release of economic data such as GDP growth or factory output
Market players say the overall volumes have been on the rise as the market has become quite volatile
According to the report, apart from sound revenue conversion, overall deal pipeline improved on aggregate basis and pricing environment for legacy services also remained stable
The company's total income for the quarter declined 7.7 per cent to Rs 402 crore as compared with Rs 436 crore in the April-June quarter of 2018
Post the results, most brokerages have revised their price targets for both these stocks.
The stock was down for the fifth straight trading day, at Rs 223, down 2 per cent on Monday, its lowest level since listing on April 4, 2018.
Valuation of 16x its FY20 earnings a key factor in favour of stock
The company reported a 34.3 per cent fall in consolidated net profit at Rs 101.1 crore for October-December period of 2018-19. It had posted PAT of Rs 153.9 crore in the year-ago quarter.
The facility will be available on 600 select stocks on the BSE representing 99 per cent of market capitalisation
ICICI Securities had a PAT of Rs 1.30 billion in July-September quarter of 2017-18
ICICI Securities is the market leader in the broking segment with a 9.2% market share
The regulator has also ordered compensating investors who redeemed their units since the date of allotment of shares in IPO