IIFL Securities Q4 Results: Profit more than doubles to Rs 180 crore

I-Sec minority shareholders seek Sebi exemption letter from ICICI Bank
Minority shareholders of ICICI Securities (I-Sec) have sought the exemption letter from ICICI Bank granted to it by the Securities and Exchange Board of India (Sebi).  

'Specific-event policies will shape future of insurers' business'

ICICI Securities questions the maintainability of the class action contesting the delisting and merger

Sebi probing charges of 'coerced' voting to delist broking arm of ICICI

‘Utilise pullbacks in prices to buy gold’: Anindya Banerjee, head of research, Currency and Commodity, Kotak Securities
 

Brokers reopen doors to FX derivatives as dust settles
Mumbai: Top brokers have reopened the currency derivatives door for clients willing to declare that they comply with rules, after trading volumes plunged following the implementation of recent central bank directions.

I-Sec investors have been crying hoarse. Sebi is listening.
Mumbai : The Securities and Exchange Board of India is looking into allegations that employees of ICICI Bank Ltd had reached out to shareholders of ICICI Securities Ltd to try and influence them ahead of a crucial shareholder vote in March.

CDSL adds 1.09 crore demat accounts in March quarter

Geojit Financial Services Q4 Results Live : profit rise by 77.28% YOY
Geojit Financial Services Q4 Results Live : Geojit Financial Services declared their Q4 results on 30 Apr, 2024. The topline increased by 87.82% & the profit increased by 77.28% YoY. As compared to the previous quarter the revenue grew by 36.73% and the profit increased by 37.11%.

Brokerages bullish on ICICI Bank stock after Q4 results
New Delhi: An in-line ICICI Bank result for the quarter ended March 31, 2024, has led to analysts raising target price and earnings per share (EPS) forecast on the stock. ICICI Bank, they said, appeared least vulnerable to regulatory action on its digital offerings or for risk monitoring lapses. Compliance with regulatory norms shall be one of the key valuation drivers over the next 12 months, and ICICI ticks most boxes, even as many of its peers are being pulled up for lapses, analysts noted.

Broking industry aims to double customer count in 2 years: Dhiraj Relli
HDFC Securities, launched as a joint venture between HDFC Bank, HDFC, and Indocean eSecurities, celebrates its 25th-year milestone. Over the past decades, the domestic broking industry has undergone several structural shifts, with one of the most prominent being investors gravitating towards low-cost brokerages. Traditionally a full-service brokerage, HDFC Securities recently introduced HDFC Sky — a flat-price broking application — as a strategic response to the emerging threat from discount brokerages. DHIRAJ RELLI, managing director and chief executive officer of HDFC Securities, in an email interview with Sundar Sethuraman, delves into the broking house’s journey and highlights key trends in the broking industry.

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ICICI Securities: Shareholders approach NCLT over ICICI Bank's brokerage arm's delisting plan

LKP Securities Q4 results : profit at ₹5.57Cr, Revenue increased by 88.61% YoY
LKP Securities Q4 Results Live : LKP Securities declared their Q4 results on 23 Apr, 2024. The topline increased by 88.61% & the profit came at ₹5.57cr.

PeepalCo had plans to diversify since inception
PeepalCo, which recently entered stock trading, had plans to diversify into different asset classes since the inception of the company, said Ashish Singhal, co-founder and group CEO. PeepalCo is the holding company of CoinSwitch and stock broking app Lemonn.

ICICI Securities minority investors to challenge delisting

Profit booking in equities likely post polls: Bernstein

ICICI Securities Q4 FY24 Results Live : profit rise by 104.25% YOY
ICICI Securities declared their Q4 FY24 results on 18 Apr, 2024. The topline increased by 76.09% & the profit increased by 104.25% YoY. As compared to the previous quarter the revenue grew by 16.56% and the profit increased by 15.21%.

Why Angel One needs to look beyond the broking business
Angel One Ltd's mainstay is its broking business, accounting for almost 70% of its total revenue. But is that enough?

ICICI Securities Q4 Results: Cons PAT soars 104% YoY to Rs 536.53 crore; co declares Rs 17/share dividend

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

The discount broker recorded a 77.5 per cent jump in the active client base in FY24 and a 42 per cent overall jump in the market share, a report by Motilal Oswal Financial Services said while citing National Stock Exchange (NSE) data.

Why Samir Arora of Helios Capital is betting on travel and PSU stocks
Samir Arora, founder and fund manager of portfolio management service (PMS) firm Helios Capital Management has often favoured three big investment themes—financials, consumptions and information technology (IT). But now, he is slightly tweaking his bets on these sectors.

Let a hundred flowers bloom: Nikhil Kamath’s approach to life and investing
In a world of neat labels and professions, it is difficult to assign one to Nikhil Kamath. He is the co-founder of India’s largest brokerage, Zerodha. But he is also a hedge fund founder (True Beacon), a prop tech and private equity investor (Gruhas) and a podcaster and influencer (WTF). “I enjoy doing your job these days", he tells this reporter with a chuckle. “I keep questioning people and after an intense four-hour podcast recording with my guests, I get to know a great deal about them," he adds.

Angel One garners Rs 1,500 cr via QIP to fund working capital requirements

The issue, which was opened on March 26 and concluded on April 2, received an overwhelming response from both domestic and foreign institutional investors, Angel One said in a statement.

For brokers worried over currency derivatives, clarity may be on way
Mumbai: Clarity is on cards for exchange-traded currency derivatives (ETCD), after a central bank circular limiting their use to hedging sparked panic. The Securities and Exchange Board of India (Sebi) is examining representations from broker associations, and a clarificatory circular from either Sebi or stock exchanges is expected as early as Monday, two people familiar with the development said.

Mid- and small-cap correction likely over, froth cleared: HDFC Securities' Relli
Although many suggest that large caps are a safer choice currently, Dhiraj Relli, MD & CEO of HDFC Securities, contends that the excess speculation has been tempered, and the correction necessary for mid and small caps has mostly taken place. There may still be potential for a further 5-10% decline, he said.

ICICI Securities delisting: A course correction better late than never
The delisting of ICICI Securities (I-Sec) has been approved by over two-thirds of its public shareholders facilitating its transition into a wholly owned subsidiary of ICICI Bank. Notably, the listing in April 2018 did not yield any material benefit to the parent bank. Thus, the move seems like a course correction.

Kedar Deshpande resigns as ICICI Securities’ Head – Retail Distribution
ICICI Securities on Friday announced that Kedar Deshpande, Head – Retail Distribution, has tendered his resignation from the services of the company. The resignation, it added, will take effect from the close of business hours on April 12, 2024. 

Norges Fund Investment Bank of Norway supports ICICI Securities delisting

The foreign fund, which holds nearly 3.25 per cent stake in ICICI Securities, voted in favour on Thursday, the first day of e-voting, as per the information posted on the website of Norges Fund Investment Bank.

Brokers back small and mid-cap stocks on high earnings outlook