The company's total income for the quarter declined 7.7 per cent to Rs 402 crore as compared with Rs 436 crore in the April-June quarter of 2018.
The profit in the year-ago period stood at Rs 151 crore, ICICI Securities said in a statement.
Chandok presently is the Executive Director of ICICI Bank.
ICICI Securities December quarter numbers are a reflection of the damage that is inflicted by discount brokers
CLSA retained its buy rating on ICICI Securities but slashed its 12-month target price to TRs 360 from Rs 380 earlier. The December quarter results were short of expectations.
In comparison, the company's profit stood at Rs 153.9 crore in the October-December quarter of 2017-18, ICICI Securities said in a regulatory filing to the stock exchanges.
CLSA has maintained buy call on ICICI Securities with a price target at Rs 380.
At present, it takes two days or more after the sell transaction for investors to receive the money into their accounts.
Elaborating on the outlook for the market and revenues, Shilpa Kumar, managing director and CEO of the company, said there is diversity of revenue streams for them
The company's revenues grew to Rs 458.10 crore in the period under review from Rs 455.28 crore in the second quarter ended September 30, 2017.
Experts are of the view that if investors are planning to expand their portfolio or add more stocks, this is the right time to take their bets.
HDFC Securities is bullish on ICICI Securities has recommended buy rating on the stock with a target price of Rs 352 in its research report dated September 25, 2018.
ICICI Securities is bullish on Yes Bank has recommended Buy rating on the stock with a target price of Rs 503 in its research report dated September 04, 2018.
The ICICI Bank MD and CEO is on an absence of leave from office, pending the probe against her on the allegations of favouring family members in lieu of providing loans to a corporate house.
Kochhar had been earlier sent on leave after the bank started an independent probe into allegations of conflict of interest
ICICI Prudential sold the 4.62 million shares at Rs 325-330 per share, compared to the issue price of Rs 520 per share. ICICI Securities had sold 77.2 million shares in the IPO.
The company had reported a consolidated net profit of Rs 118 crore in the same period last year.
Investors could also take a note of proceedings in the Parliament along with global movements on oil as well.
The stock price lost more than 11 percent in four consecutive sessions and corrected 44 percent from its issue price.
While the SEBI rule is another blow to ICICI Group’s corporate governance standards, we try to understand the financial implications of the order on the group companies.
SEBI is likely to penalise ICICI Pru AMC for bailing out ICICI Securities IPO.
ICICI Securities had in March reduced the size of its IPO to a little over Rs 3,500 crore after the sale elicited a sluggish response, especially from high net worth individuals.
CLSA expects revenue/net profit to grow at a CAGR of 17/21 percent over FY18-21.
"Considering a RoE of over 70 percent for FY17 and the market leadership enjoyed by the company, it may continue to trade at a higher premium. We have a buy rating with target of Rs 480," says Sumit Bilgaiyan, Founder of Equity99.