ICICI Securities Ltd (ISEC)

ICICI Securities Reports Strong Q1 Results - 24 Jul, 2024

ICICI Securities reported a consolidated net profit of Rs. 526.91 crore in Q1 FY25, up 94.55% YoY, with total income at Rs. 1,644.11 crore, registering a growth of 75.95% YoY.

ICICI Securities to Release Q1 FY25 Earnings Report - 23 Jul, 2024

ICICI Securities is set to release their Q1 FY25 earnings report on July 23, with shares trading flat at Rs 779. Analysts predict a potential yield curve steepening of 5-10 basis points due to T-bill supply coming down.

ICICI Securities Shareholders Approve Scheme of Arrangements - 20 Jul, 2024

The scheme of arrangements between ICICI Securities and ICICI Bank has been approved by public shareholders, with 71.89% voting in favour of the resolution. However, a dispute between shareholders and management is likely to reach Bombay High Court soon.

ICICI Securities Head of Research Positive on Indian Equities - 18 Jul, 2024

Pankaj Pandey, the head of research at ICICI Securities, is optimistic about Indian equities due to healthy macroeconomic growth, robust corporate earnings, and a stable government focused on capex and manufacturing. He believes that in Budget 2024, the government will maintain fiscal discipline while augmenting the capex and manufacturing cycle. The year-end target for Nifty 50 is pegged at 25,000.

ICICI Securities Faces Delisting Objections - 15 Jul, 2024

ICICI Securities, an affiliate of ICICI Bank, faces objections from minority shareholders over its proposed delisting, raising concerns about corporate governance and shareholder rights in India.

ICICI Securities' Low P/E Ratio Reflects Diminished Earnings Outlook - 05 Jul, 2024

ICICI Securities Limited's low P/E ratio of 14.9x may make it look like a strong buy, but its earnings growth is expected to trail the market with an estimated decrease of 24% next year. This has contributed to its low P/E and weak outlook, making it hard for the share price to rise strongly in the near future.

ICICI Securities Ltd Yield Expected to Soften in Q2 - 04 Jul, 2024

Market participants expect the yield on ICICI Securities Ltd's benchmark bond to soften further in Q2 due to optimism around foreign inflow and the budget. Naveen Singh, VP of ICICI Securities primary dealership, predicts the yield moving towards 6.90% in Q2.

ICICI Securities Share Price May Rise to Rs 810 - 27 Jun, 2024

ICICI Securities share price is expected to rise to Rs 810 in the short-term, with traders advised to go long at Rs 772 and accumulate on dips at Rs 764. Stop-loss should be kept at Rs 747 initially, trailed up to Rs 782 as soon as the stock moves up to Rs 790, and further moved up to Rs 795 when the price touches Rs 802. Long positions should be exited at Rs 810.