ICICI Securities Ltd. share price target and research reports

Name: Latest research reports of ICICI Securities Ltd. authored by Axis Direct and published by - Trendlyne research reports.
Item: ICICI Securities Ltd.
Rating: 5
Author: Axis Direct

Latest analyst research reports with target prices and PDF download for ISEC, BSE:541179 ICICI Securities Ltd.

ICICI Securities Ltd.

20 Apr 2023

Result Update:ICICI Securities

Buy: ICICI Securities Ltd.

Target

Axis Direct

We maintain our BUY recommendation on the stock on inexpensive valuations.

ICICI Securities Ltd.

24 Jan 2023, 12:00AM

Muted performance led by pressure on MTF NIMs

Buy: ICICI Securities Ltd.

Motilal Oswal

ICICI Securities (ISEC)’s overall revenue declined 7% YoY to INR8.8b in 3QFY23, In-line with our estimate as the weakness in retail brokerage and IB revenue was offset by strong interest rate-linked revenue (MTF and Treasury book).

ICICI Securities Ltd.

24 Jan 2023, 12:00AM

Soft Quarter; Broking Business Headwinds to Persist!

Buy: ICICI Securities Ltd.

Axis Direct

Focus on quality customer acquisition – ICICI Securities (ISEC) will focus on acquiring quality customers with the potential to generate higher revenues along with exhibiting higher persistency.

ICICI Securities Ltd.

24 Jan 2023, 12:00AM

A stable quarter

Buy: ICICI Securities Ltd.

IIFL Holdings

In 3QFY23, ISEC delivered a profit of Rs2.8bn (-26% YoY / -6% QoQ). Broking revenue declined 5% QoQ driven by lower cash volumes – with cash / retail cash ADTO down 3/6% QoQ respectively.

ICICI Securities Ltd.

20 Jan 2023

Stress remained in broking; weak cash volume, partly offset by robust derivatives volumes

Accumulate: ICICI Securities Ltd.

ICICI Securities Limited

I-Sec reported a revenue of INR 8,789 Mn, down 7% YoY, up 2% sequentially, due to overall toned-down industry growth across segments. The Retail Equities and Allied Business which includes lending towards MTF & ESOP, Prime & NEO subscription fees, reported revenues at INR5040 Mn, down 4% YoY. The Distribution Business reported revenues of INR1670 Mn in Q3FY23, up 2% YoY. EBITDA reported at INR 5,487.9 Mn (+4.8% qoq/ -9.7% yoy). EBITDA margin stood at 62.4% (140bps qoq / -220bps yoy), as employee expenses stood to INR 1,756Mn (-5.4% qoq / +1.6% yoy).

ICICI Securities Ltd.

20 Jan 2023

Result Update:ICICI Securities

Buy: ICICI Securities Ltd.

Target

Axis Direct

We maintain our BUY recommendation on the stock on the back of inexpensive valuations.

ICICI Securities Ltd.

19 Jan 2023

Muted performance led by pressure on MTF NIMs

Buy: ICICI Securities Ltd.

Target

Motilal Oswal

ICICI Securities Ltd.

21 Oct 2022

Market share in Retail Brokerage improves

Buy: ICICI Securities Ltd.

Target

Motilal Oswal

ICICI Securities Ltd.

21 Oct 2022

Result Update:ICICI Securities

Buy: ICICI Securities Ltd.

Target

Axis Direct

We continue to maintain our BUY recommendation on the stock with a revised target price of Rs 625/share (14x FY24E EPS), implying an upside of 23% from the CMP.