ICICI Securities shares in focus after weak results; Anil Singhvi shares his view
ICICI Securities (ISEC) shares will be in focus on Dalal Street on Thursday, a day after the brokerage reported a weak set of quarterly numbers.
ICICI Securities (ISEC) shares will be in focus in the Indian share market on Thursday, a day after the brokerage reported a weak set of financial results for the January-March period.
ICICI Securities Q4 results
After market hours on Wednesday, ICICI Securities reported a 22.8 per cent year-on-year fall in net profit to Rs 262.7 crore for the three-month period, and a 0.8 per cent decline in revenue to Rs 884.8 crore.
Its margin shrank by 120 basis points to 62 per cent compared with the corresponding period a year ago, according to a regulatory filing.
ICICI Securities dividend
The company announced an interim dividend of Rs 9.25 per share.
EDITOR'S TAKE: Anil Singhvi says ICICI Securities results weak on all fronts
Zee Business Managing Editor Anil Singhvi pointed out that ICICI Securities' results are weak on all fronts. "It is not a good sign for brokerage stocks," the market wizard said.
(This story will be updated shortly)
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