Page 5 - Icici Securities

Stocks to watch: Reliance, Coal India, BHEL, Shriram Finance, UPL, Jio Fin

Stocks to Watch on February 29, 2024: Under the NSE index rejig, Shriram Finance will replace UPL in the Nifty50 index with effect from March 28, 2024

Vodafone Idea may post marginal revenue growth in Q3, say analysts

Vi's results for the third quarter are set to be announced on Monday

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

Q3FY24 earnings preview: Consumer business to boost RIL's earnings

Analysts estimate strong performance in consumer businesses to be offset by a decline in O2C earnings

India likely to get its first $1 trn market capitalisation firm by 2032

With a mcap of $213 billion, RIL is currently the most-valued Indian firm

Average IPO size hits four-year low in 2023 to Rs 867 crore, shows data

IPO fundraising drops 17% Y-o-Y to 49,434 cr last year

ICICI Bank gets RBI nod to make ICICI Securities wholly-owned subsidiary

ICICI Bank on Thursday said ICICI Securities will be its wholly owned subsidiary following the approval of the Reserve Bank of India. The ICICI Bank on June 29 had approved a proposal to delist ICICI Securities and become a wholly-owned subsidiary of the bank after delisting. The bank has received approval from the RBI for making ICICI Securities a wholly owned subsidiary, subject to certain conditions, ICICI Bank said in a regulatory filing. "Certain other statutory/regulatory approval(s), as required under applicable laws, are awaited," it said. ICICI Securities, promoted by ICICI Bank, is the country's leading retail-led equity franchise, distributor of financial products and investment bank.

More cos have managed to beat profit estimates in Q2FY24: ICICI Securities

This has led to an upward revision in earnings growth estimates for FY24 as well as FY25

Improvement in Q3 key to reversal of Jubilant FoodWorks' fortunes

Some brokerages have downgraded its ratings, and this was accompanied by earnings revision by as much as 18 per cent.

'No objection' from stock exchanges for ICICI Securities' delisting plan

Sebi, on its website, has disclosed that it received a No-Objection Certificate (NOC) from the exchange on October 12 and that the brokerage firm's scheme was under process

ICICI Securities reports 41% growth in PAT to Rs 424 cr in Sept quarter

ICICI Securities, a part of the ICICI Group, on Monday reported a 41 per cent year-on-year growth in profit after tax to Rs 424 crore in three months ended September. In comparison, the company had posted a PAT (profit after tax) of Rs 300.4 crore in the year-ago period, the brokerage house said in a filing to stock exchanges. Total income surged 44 per cent year-on-year to Rs 1,249 crore in the quarter under review, from Rs 865.63 crore in the second quarter ended September 2022, led by growth in broking income with cash and derivative segment gaining momentum along with growth in investment banking segment. "This quarter again we were able to demonstrate the benefits of pivoting to a customer centric coverage model. We continue to grow with our focus on acquisition of quality clients, gaining market share in revenue generating parameters across segments, growing our distribution business with a sharp focus on loans and mutual funds," Vijay Chandok, Managing Director and CEO of ICI

Agilus Diagnostics files for IPO to raise funds via 142.3 mn shares

The diagnostics giant partners with ICICI Securities, Axis Capital, and Citigroup for public offering, aiming to sell equity shares held by key investors

Nabard raises Rs 1,041 crore through India's first social impact bond

State-run entity sets coupon of 7.63% on this issue

Micro, macro and geopolitical factors favouring Indian markets: Ajay Saraf

Markets activity will be robust but be careful around large events, says the head of Investment Banking and Institutional Equity at ICICI Securities

ICICI Securities shares gain nearly 5% as delisting bid faces test

Under the scheme, the public shareholders of ISec would be allotted 67 shares of ICICI Bank for every 100 shares of the brokerage firm

Sharp FPI outflows unlikely amid high US Treasury yields: ICICI Sec

Domestic brokerage says US yields, nearing a 16-year high, are at the upper range, as inflation is moderating

Through mutual fund lens, Adani group stocks are in line of sight

Exposure remains less than 3% in most companies

Vivriti Capital to raise Rs 500 cr via non-convertible debentures on Aug 18

The NCDs will have five options with different tenures and interest payout options

After record rally this year, earnings test for the market optimism

Sample this: In June 2022, the aggregate profit pool for the top 600 companies was projected to touch Rs. 13.2 trillion for the ongoing financial year 2023-24 (FY24)

ICICI Securities Q1 profit remains flat, revenue up 17.5% to Rs 934 crore

The company said that it added 210,000 clients during the June quarter taking the overall customer base to around 9.3 million