English
Specials
    Upgrade
    MoneycontrolBe a PRO
    Moneycontrol PRO
    you are here: HomeNewsBusinessMoneycontrol Research

    Decoding ICICI Securities’ depressed valuation: Will the stock re-rate?

    Despite a stellar performance, ICICI Securities' stock has underperformed in the past one year

    Neha Dave
    April 26, 2021 / 04:23 PM IST
    Decoding ICICI Securities’ depressed valuation: Will the stock re-rate?

    A man reads information on an electronic screen at a brokerage house in Shanghai April 22, 2008. China's main stock index tumbled more than 4 percent to a fresh 13-month low on Tuesday before bouncing sharply to end higher, led by financials. REUTERS/Aly Song (CHINA) - GM1E44M17S201

    PRO Only Highlights
    -      Quarterly performance largely backed by improved realisations
    -      Medium-term triggers China plus and protectionist measures for tyre industry
    -      Valuations not inexpensive; but improved medium-term outlook

    ICICI Securities (CMP: Rs 449; Market Cap: Rs 14,458 crore) has truly prospered during the pandemic, amid all gloom and doom. ISec’s net profit more than doubled year-on-year (YoY) in Q4 FY21, aided by strong growth across all business segments – broking, distribution, wealth management and investment banking --  and solid cost control. Overall, ISec’s FY21 earnings reaffirmed that it has been quiet successful during these unprecedented times as alluded to in our note last year. (image) Among many positives ,...

    • PRO Panorama

      Moneycontrol Pro Panorama | If all debt income is short term, what about equity? 

      Mar 27, 2023 / 02:51 PM IST

      In today’s edition of Moneycontrol Pro Panorama: Rahul's expulsion could work in Congress's favour, major economies record stron...

      Read Now
    • PRO Weekender

      Moneycontrol Pro Weekender: Between the Fed and a hard place

      Mar 11, 2023 / 11:38 AM IST

      The Fed is caught between combating inflation and worries over a financial mishap

      Read Now

    To read the full story, Subscribe to Moneycontrol PRO

    Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

    View Plans

    Already a member? Sign in

    Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

    50% OFF

    What Do You Get

    • Ad free experience

      Experience a non-intrusive navigation and faster response in the ad free mode

    • Sharpest Opinions

      Access to 230+ exclusive stories per month from our editorial and Experts

    • +

      Have a Global edge with access to content from world renowned experts and journalist

    • Actionable Insights

      Access to 40+ weekly investment ideas including 4 daily technical calls

    • Virtual Events

      Exclusive access to live webinars from market experts on trading and investment strategies

    • Newsletters

      Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

    View Offers

    Get upto 50% discount on limited period offers