8 stock broking shares surged 40-75% in FY24; do you hold any?
By Ritesh Presswala, ETMarkets.com |
1/9
Solid Show!
In fiscal year FY24 so far, the performance of stock broking stocks has been exceptional. Within the same timeframe, the benchmark index Sensex has experienced a gain of approximately 12%, while eight listed stocks from the stock broking sector, which have a current market capitalization exceeding Rs 500 crore, have seen their share price values surge by more than 40%. The majority of these stocks exhibit more strengths than weaknesses in their SWOT analysis, according to Trendlyne data. (Data Source: ACE Equity)
2/9
Arihant Capital Markets | Price Return in FY24 so far: 75%
Previous Close: Rs 67 | 52-week high: Rs 79
>Growth in net profit with increasing profit margin (QoQ)
>Company with low debt
>Improving cash flow from operation for last 2 years
>Company with zero promoter pledge
>Growth in net profit with increasing profit margin (QoQ)
>Company with low debt
>Improving cash flow from operation for last 2 years
>Company with zero promoter pledge
3/9
Monarch Networth Capital | Price Return in FY24 so far: 72%
Previous Close: Rs 333 | 52-week high: Rs 419
>Growth in net profit with increasing profit margin (QoQ)
>Company with low debt
>Book value per share improving for last 2 years
>Company with zero promoter pledge
>Growth in net profit with increasing profit margin (QoQ)
>Company with low debt
>Book value per share improving for last 2 years
>Company with zero promoter pledge
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4/9
Dhani Services | Price Return in FY24 so far: 68%
Previous Close: Rs 45 | 52-week high: Rs 61
>Growth in net profit with increasing profit margin (QoQ)
>Company with low debt
>Company with zero promoter pledge
>Growth in net profit with increasing profit margin (QoQ)
>Company with low debt
>Company with zero promoter pledge
5/9
Angel One | Price Return in FY24 so far: 60%
Previous Close: Rs 1866 | 52-week high: Rs 1937
Company with low debt
>Improving cash flow from operation for last 2 years
>Annual net profits improving for last 2 years
>Book value per share improving for last 2 years
>Company with zero promoter pledge
>FII/FPI or institutions increasing their shareholding
Company with low debt
>Improving cash flow from operation for last 2 years
>Annual net profits improving for last 2 years
>Book value per share improving for last 2 years
>Company with zero promoter pledge
>FII/FPI or institutions increasing their shareholding
6/9
5Paisa Capital | Price Return in FY24 so far: 50%
Previous Close: Rs 425 | 52-week high: Rs 486
>Growth in net profit with increasing profit margin (QoQ)
>Growth in Quarterly net profit with increasing profit margin (YoY)
>Company with low debt
>Increasing profits every quarter for the past 4 quarters
>Book value per share improving for last 2 years
>Company with zero promoter pledge
>Growth in net profit with increasing profit margin (QoQ)
>Growth in Quarterly net profit with increasing profit margin (YoY)
>Company with low debt
>Increasing profits every quarter for the past 4 quarters
>Book value per share improving for last 2 years
>Company with zero promoter pledge
7/9
ICICI Securities | Price Return in FY24 so far: 44%
Previous Close: Rs 617 | 52-week high: Rs 652
>Increasing revenue every quarter for the past 4 quarters
>Book value per share improving for last 2 years
>Company with zero promoter pledge
FII / FPI or Institutions increasing their shareholding
>Increasing revenue every quarter for the past 4 quarters
>Book value per share improving for last 2 years
>Company with zero promoter pledge
FII / FPI or Institutions increasing their shareholding
8/9
Choice International | Price Return in FY24 so far: 44%
Previous Close: Rs 407 | 52-week high: Rs 421
>Growth in Quarterly net profit with increasing profit margin (YoY)
>Company with low debt
>Increasing revenue every quarter for the past 3 quarters
>Annual net profits improving for last 2 years
>Recent Results: Growth in operating profit with increase in oper
>Growth in Quarterly net profit with increasing profit margin (YoY)
>Company with low debt
>Increasing revenue every quarter for the past 3 quarters
>Annual net profits improving for last 2 years
>Recent Results: Growth in operating profit with increase in oper
9/9
Motilal Oswal Financial Services | Price Return in FY24 so far: 40%
Previous Close: Rs 852 | 52-week high: Rs 960
>High growth and high return on equity (ROE) with low PE ratio
>Growth in net profit with increasing profit margin (QoQ)
>Book value per share improving for last 2 years
>Company with zero promoter pledge
>High growth and high return on equity (ROE) with low PE ratio
>Growth in net profit with increasing profit margin (QoQ)
>Book value per share improving for last 2 years
>Company with zero promoter pledge