HomeNewsBusinessMarketsIdeas For Profit | Angel Broking Vs ICICI Securities

Ideas For Profit | Angel Broking Vs ICICI Securities

At the current market price, ICICI securities is trading at a 20% valuation discount to Angel Broking. This indicates that market is considering ICICI securities as just a broker and assigning no value to its large and profitable distribution franchise. Among new-age brokers, Angel has seen exponential growth in profits in recent years. Its quarterly profit has increased from mere Rs 6 crore in Q1FY20 to Rs 48 crore in Q1 FY21 and improved further to Rs 121 crore in Q1 FY22. Find out which stock MC Pro is betting on

September 09, 2021 / 21:49 IST
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Moneycontrol News
first published: Sep 9, 2021 09:49 pm

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This Research Report / Research Recommendation has been published by Moneycontrol Dot Com India Limited (hereinafter referred to as “MCD”) which is a registered Investment Advisor under the Securities and Exchange Board of India (Investment Advisers) ...Read More

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