Indian stockbrokers saw improved revenues and profits in the third quarter. Trading volumes increased, boosted by leveraged deals and higher interest income. Exchanges like BSE and NSE also reported growth. This performance was supported by strong activity in cash and derivatives markets, as well as healthy primary market participation. Volatility in commodities also lifted trading volumes.
Polycab shares slide 17% in 3 months amid Ultravolt shock, but Jefferies sees 33% upside. What’s behind the bullish view?
Polycab shares have fallen 17% from their June peak after UltraTech entered the wires and cables segment. Jefferies retained its Buy rating and Rs 11,100