ICICI Securities

Retail investor behaviour so far has been mixed in terms of market activity. Indirect investment through mutual funds has improved significantly, said Vijay Chandok, MD & CEO, ICICI Securities

Its petrochem plant in UP running at 40% utilisation

Financial services firm provides services and solutions to asset managers and corporate issuers

The sector has fared well both on the fund raising front and on operational performance

Muted domestic demand and margin pressure may weigh on the stock

While input costs have eased, lower volumes could impact margins

Swap rates decline post fall in US, India inflation

Profit fell 15.6 per cent over the preceding June quarter when it had reported a net of Rs 15,205.85 crore

While domestic market demand is strong, analysts expect higher raw material and freight costs to affect business in US, other countries; healthy YoY growth seen in hospitals and diagnostics

Lack of repo suggests RBI tolerance of higher money mkt rates: Analysts

ICICI Securities on Thursday reported a 14 per cent decline in profit after tax to Rs 300 crore in the three months ended September 2022 In comparison, the company had posted a Profit After Tax (PAT) of Rs 351.2 crore in the same quarter preceding fiscal, ICICI Securities, a subsidiary of ICICI Bank, said in a statement. The company's total income rose to Rs 865.63 crore in the second quarter ended on September 30, 2022 from Rs 856.56 crore in the year-ago period. "We had a satisfactory quarter and are progressing well on our articulated strategy of pursuing long-term sustainable growth by continuing to diversify in favour of non-broking business. For this, we are investing in right kind of products, services, partnerships. Today, broking revenue is about a third of our overall revenue, against two thirds a couple of years back," Vijay Chandok, Managing Director and CEO of ICICI Securities, said. The board has declared an interim dividend of Rs 9.75 per share in first half of FY23

Bloomberg had estimated revenue to be Rs 36,564 crore and net profit at Rs 5,902 crore

The growth has come on the back of healthy growth in the order books of defence companies amid the government's focus on indigenisation and surge in exports

ICICI Securities Ltd on Wednesday said its one year forward Nifty target is 19,425 with sectorial bias towards banks, capital goods/infrastructure and automobiles

Call rate closes at highest since October 2019 as liquidity tightens

Despite the raw material pressures, the company posted a 172 bps expansion in operating profit margins as compared to the year ago period, given operating leverage benefits

In a circular, the RBI said that the non-banking finance company may continue to carry out recovery or repossession activities, through its own employees.

The rupee hit a new low of 80.47 versus the US dollar in the first few minutes of trade on Thursday.

PM Modi will soon decide whether to extend a food dole out that has cost India $44 billion since the pandemic, or ease the strain on government finances and food supply

Inbound tourism, higher occupancies, and lean cost model are positives for listed hospitality majors