ICICI Securities down in the red

about 10 months ago
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ICICI Securities is down in the red today, going down 6.3% to Rs.258.70. Its 52-week high and low was at Rs.462.70 and Rs.224.90 respectively.

The market is disappointed with its Q3FY19 performance. Its total revenue was down 18% (YoY) at Rs.406 crore and net profit slipped 33% at Rs.102 crore. Weak markets and tighter norms on mutual funds pulled down the profits.

Its brokerage income slipped 17%, distribution income fell 11% and investment banking revenue fell 37%.

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