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As Indians throng equity markets, ICICI Securities dodges pandemic gloom

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₹193 crore, beating Street estimates as its total revenues grew 36%. Revenue from brokerage surged 62% year-on-year, driven by retail that grew 70%.

The brokerage not only saw an increase in customers but also gained market share. In short, more and more Indians were entering the equity markets and many were preferring to do so via ICICI Securities.

To be sure, new customer accretion is lower than pre-pandemic averages. During April-June, the brokerage firm added 80,000 customers than 1,10,000 quarterly additions seen in earlier period.

The initial crash in equities during March had attracted high networth individuals and other retail investors to put money in stocks.

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COVID-19
United States
United States
Cases: 46 252 513
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Recovered: 0
India
India
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Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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Covid-19.rehab - the latest news concerning the spread of the SARS-CoV-2 coronavirus (formerly 2019-nCoV), as well as the infectious disease that it causes COVID-19, in separate countries and in the world as a whole. Current news on the topic of coronavirus SARS-CoV-2. Quarantine, pandemic 2020, epidemic: what is it, when will it come to end, precautions and how to protect yourself from this disease. The most honest news, no fakes! To keep up with the latest news, stay tuned for updates on the site! Every day we will collect news and statistics on coronavirus from around the world for you to be aware of this topic.

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