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Kanpur, UP: The Startup Incubation and Innovation Centre (SIIC), IIT Kanpur, today said it has raised funding from ICICI Securities, one of India’s leading financial services company, for Mission Bharat O2 (MBO2), to support domestic manufacturing of ....
No signs of momentum slowing down in stock broking industry SECTIONS Last Updated: May 03, 2021, 05:04 PM IST Share Synopsis There are 3 very distinct trends that are visible; one is that a larger proportion of our customers are younger, below 30 for instance, says Vijay Chandok, MD & CEO, ICICI Securities. ET Spotlight NSE Vijay Chandok, MD & CEO, ICICI Securities, says that the momentum in the broking industry doesn t seem to be slowing down. In this interview with ET Now, he shares two strategies that the stock broking firm adopted to increase new customer additions and also talks about the increasing participation of millennials in equity markets. Edited excerpts. ....
broking industry: ETMarkets' Investors' Guide: Can broking industry repeat FY21 show in FY22? indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
ICICI Securities spurted 7.96% to Rs 457.90 after the company s consolidated net profit soared 111.4% to Rs 329.47 crore on 53.41% surge in net sales to Rs 739.34 crore in Q4 FY21 over Q4 FY20.The company s consolidated profit after tax (PAT) for the quarter surged on account of growth in revenue and improvement in margins. Revenue growth was aided by strong all-round performance in equities & allied business, distribution business, distribution business, private wealth management business, as well as investment banking business. ICICI Securities has a client base of approximately 5.4 million, of which approximately 3.5 lakh were added during the quarter, which is highest ever addition in a quarter. Digital sourcing continues to demonstrate strength with approximately 2.2 lakh customers added through this channel during the quarter, vs approximately 38,000 in Q3, 28,000 in Q2 and approximately 20,000 in Q1. ....
ICICI Securities witnessed highest ever client addition in the quarter. ICICI Securities has a client base of 5.4 million, of which 3.5 lakh were added during the quarter. ....