HDFC Securities FY25 net revenue increased by 20% YoY to Rs 2,479 crore.
HDFC Securities' Devarsh Vakil advises investors to shift from defensive sectors like IT and pharma to riskier bets, including cement and chemicals as the market nears a bottom
The transition, effective January 1, 2025, coincides with the appointment of Devarsh Vakil as the new Head of HSL Prime Research, the company said in a statement.
HDFC Securities clarified that the decision to pause partnerships was initiated earlier this year as a strategic step to streamline operations and enhance service quality, and not due to compliance issues.
HDFC Securities said it is collaborating with vendor TCS to resolve the technical issue with respect placing orders in the NSE derivative segment.
Though the headline P/E has not seen a sizeable change compared to pre-Covid era, a lot of changes have happened within the index with almost 70% stocks in Nifty trading above their long-term valuations, Lohchab said.
'The Brokerage as a Service by HDFC Securities provides a versatile and profitable approach for Institutions and fintech companies to enhance their service offerings and generate additional revenue streams," the company said in a release.
Bhatia has over 17 years of experience, with expertise in talent and leadership development; rewards, and change management, HDFC securities said in a statement.
With AWS, HDFC Securities is expected to reduce its annual IT infrastructure and management costs by up to 50 per cent as compared to using on-premises infrastructure.
HDFC Securities is bullish on Maruti Suzuki has recommended buy rating on the stock with a target price of Rs 12,052 in its research report dated October 28, 2023.
HDFC Securities recommended reduce rating on Symphony with a target price of Rs 900 in its research report dated October 26, 2023.
HDFC Securities recommended reduce rating on Asian Paints with a target price of Rs 3000 in its research report dated October 26, 2023.
HDFC Securities is bullish on CreditAccess Grameen has recommended buy rating on the stock with a target price of Rs 1650 in its research report dated October 20, 2023.
HDFC Securities is bullish on Kajaria Ceramics has recommended buy rating on the stock with a target price of Rs 1470 in its research report dated October 20, 2023.
HDFC Securities is bullish on Tanla Platforms has recommended buy rating on the stock with a target price of Rs 1440 in its research report dated October 20, 2023.
HDFC Securities is bullish on ICICI Bank has recommended buy rating on the stock with a target price of Rs 1190 in its research report dated October 20, 2023.
HDFC Securities recommended reduce rating on Voltas with a target price of Rs 800 in its research report dated October 20, 2023.
HDFC Securities recommended reduce rating on Nestle India with a target price of Rs 20,000 in its research report dated October 19, 2023.
HDFC Securities is bullish on UltraTech Cement has recommended buy rating on the stock with a target price of Rs 10,110 in its research report dated October 19, 2023.
HDFC Securities is bullish on Persistent Systems has recommended buy rating on the stock with a target price of Rs 6705 in its research report dated October 19, 2023.
HDFC Securities recommended reduce rating on IndusInd Bank with a target price of Rs 1280 in its research report dated October 18, 2023.
HDFC Securities is bullish on LTIMindtree has recommended buy rating on the stock with a target price of Rs 5890 in its research report dated October 18, 2023.
HDFC Securities is bullish on Can Fin Homes has recommended buy rating on the stock with a target price of Rs 910 in its research report dated October 18, 2023.
HDFC Securities recommended reduce rating on Larsen and Toubro Technology Services with a target price of Rs 4100 in its research report dated October 17, 2023.
HDFC Securities is bullish on State Bank of India has recommended buy rating on the stock with a target price of Rs 790 in its research report dated October 14, 2023.