India Financials

Saumya Agarwal

Equity Bottom-Up

<p>ICICI securities, India’s leading retail brokerage, reported doubling of profits in Q4FY21 and for the full year FY21. Despite the pandemic woes,  it has been acquiring new clients in a determined way propelled by its Digital push strategy. However, the tightened norms on margin funding have dented ICICI Securities turnover volumes, translating to market share loss. Reigning in market share loss will be crucial to counter competition from other brokers.</p>

ICICI securities, India’s leading retail brokerage, reported doubling of profits in Q4FY21 and for the full year FY21. Despite the pandemic woes,  it has been acquiring new clients in a determined way propelled by its Digital push strategy. However, the tightened norms on margin funding have dented ICICI Securities turnover volumes, translating to market share loss. Reigning in market share loss will be crucial to counter competition from other brokers.

ICICI Securities: Digital Strategy Bearing Fruit but Reigning in Market Share Loss Crucial

ICICI Securities Ltd

ICICI Securities: Digital Strategy Bearing Fruit but Reigning in Market Share Loss Crucial