In its report, InGovern said the broking business is inherently volatile. By receiving shares of the relatively stable shareholding in the parent company, shareholders of ICICI Securities benefit from improved liquidity and enhanced price discovery.
Largecaps look better as smallcaps price in strong growth: Franklin Templeton’s Arihant Jain
Largecap stocks offer a better risk-reward balance than mid- and small-caps as higher growth expectations are already priced into smaller companies, according to Arihant Jain