Buoyant markets boost Q1 revenues of ICICI Securities

buoyant markets boost q1 revenues of icici securities

Sumary of Buoyant markets boost Q1 revenues of ICICI Securities:

  • Brokerage firm ICICI Securities Ltd’s strong run in FY21 seems to have extended to the current financial year as well, given the continued buoyancy in equity markets.
  • What’s more is that a slew of initial public offerings of shares have also helped brokerages get new customers.
  • Of this, a lion’s share was through digital channels of the company.
  • View Full ImageSatish Kumar/Mint This has also helped the company bring down its customer acquisition cost.
  • “With strong market activities and stabilizing market share post margin norms, we expect the momentum to continue in the ensuing quarters,” analysts at Motilal Oswal Financial Services Ltd wrote in a note.

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