Market & Forensics Analyst, Beat the Street

Nimish Maheshwari

Market & Forensics Analyst

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

Equity Bottom-Up

<ul>
<li>ICICI Securities Shareholders will consider delisting proposal at the end of March-24 which will decide its fate</li>
<li>Swap Ratio based on current prices offers limited downside for I-Sec Shareholders if delisting goes through.</li>
<li>There could be potential upside of 20% if delisting fails.</li>
</ul>


ICICI Securities Shareholders will consider delisting proposal at the end of March-24 which will decide its fate
Swap Ratio based on current prices offers limited downside for I-Sec Shareholders if delisting goes through.
There could be potential upside of 20% if delisting fails.


ICICI Securities : A Special Situation Play with Limited Downside

External reports (aggregated public sources), Value Investors Club

Value Investors Club

External reports (aggregated public sources)

<ul><li>Recommendation to buy ISEC shares at Rs 840 per share with a price target of Rs 1200 per share</li><li>Dissatisfaction among minority shareholders due to insider's attempt to acquire remaining shares at a lower price</li><li>Illiquidity and limited institutional investors due to Parent owning 75% of shares, potential merger poses a risk but shareholders can extract fair value even in a merger scenario</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Recommendation to buy ISEC shares at Rs 840 per share with a price target of Rs 1200 per shareDissatisfaction among minority shareholders due to insider's attempt to acquire remaining shares at a lower priceIlliquidity and limited institutional investors due to Parent owning 75% of shares, potential merger poses a risk but shareholders can extract fair value even in a merger scenarioThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Icici Securities (NSE:ISEC) - Sunday, Feb 25, 2024

External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>In Q4FY24, ISEC lost market share in terms of the Retail cash market by ~40bps QoQ.</li><li>The retail cash market share stood at 12.7% vs. 13.1% QoQ and 11% YoY.</li><li>In terms of Retail derivative market share (incl. Option premium and Future Turnover), it improved by ~100bps YoY and stood at 7.8% vs. 6.8% in Q4FY23. I</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

In Q4FY24, ISEC lost market share in terms of the Retail cash market by ~40bps QoQ.The retail cash market share stood at 12.7% vs. 13.1% QoQ and 11% YoY.In terms of Retail derivative market share (incl. Option premium and Future Turnover), it improved by ~100bps YoY and stood at 7.8% vs. 6.8% in Q4FY23. IContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

ICICI Securities Ltd.  - Robust Quarter; Dropping Coverage Owing to De-Listing

<ul><li>Market Share - In Q3FY24, ISEC has been able to improve its market share in the cash segment to 13.1% vs. 12.8% QoQ.</li><li>However, in the retail derivative segment, the company’s market share declined by ~30bps to 3.4%.</li><li>Similarly, in the commodity segment, the company lost market share by ~30bps QoQ. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Market Share - In Q3FY24, ISEC has been able to improve its market share in the cash segment to 13.1% vs. 12.8% QoQ.However, in the retail derivative segment, the company’s market share declined by ~30bps to 3.4%.Similarly, in the commodity segment, the company lost market share by ~30bps QoQ. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

ICICI Securities Ltd - Robust Quarter, Healthy Performance Across Most Segments!

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/bundl-technologies-private-limited-swiggy" target="_blank" data-smartkarma-citation="entities:35630:1" rel="noopener">Swiggy</a> Limited raised around US$1.35bn in its India IPO, although the demand wasn't great.</li>
<li>Swiggy Limited is a business to commerce (B2C) marketplace company offering users a platform for ordering grocery and household items (Instamart) and food delivery, through its on-demand delivery network.</li>
<li>In our previous notes, we looked at the company’s past performance and valuations. In this note, we will talk about the trading dynamics.</li>
</ul>



Swiggy Limited raised around US$1.35bn in its India IPO, although the demand wasn't great.
Swiggy Limited is a business to commerce (B2C) marketplace company offering users a platform for ordering grocery and household items (Instamart) and food delivery, through its on-demand delivery network.
In our previous notes, we looked at the company’s past performance and valuations. In this note, we will talk about the trading dynamics.


Swiggy IPO Trading - Decent Anchor but Tepid Overall Demand

India

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. ICICI Securities serves customers in India.

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ICICI Securities Ltd (ISEC IN)

ICICI Securities : A Special Situation Play with Limited Downside

ICICI Securities Delisting is a Special Situation Play with a potential upside of 20% and limited downside risk offering a short-term bet.

Nimish Maheshwari

Icici Securities (NSE:ISEC) - Sunday, Feb 25, 2024

Illiquidity and limited institutional investors due to Parent owning 75% of shares, potential merger poses a risk but shareholders can extract fair...

Value Investors Club

ICICI Securities Ltd. - Robust Quarter; Dropping Coverage Owing to De-Listing

In Q4FY24, ISEC lost market share in terms of the Retail cash market by ~40bps QoQ. The retail cash market share stood at 12.7% vs. 13.1% QoQ and...

Axis Direct

ICICI Securities Ltd - Robust Quarter, Healthy Performance Across Most Segments!

However, in the retail derivative segment, the company’s market share declined by ~30bps to 3.4%.Similarly, in the commodity segment, the company...

Axis Direct

Swiggy IPO Trading - Decent Anchor but Tepid Overall Demand

Swiggy Limited raised around US$1.35bn in its India IPO, although the demand wasn't great with only instis having some interest in the listing.

Sumeet Singh

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

ICICI Securities : A Special Situation Play with Limited Downside

​ICICI Securities Delisting is a Special Situation Play with a potential upside of 20% and limited downside risk offering a short-term bet.

Nimish Maheshwari

Icici Securities (NSE:ISEC) - Sunday, Feb 25, 2024

Illiquidity and limited institutional investors due to Parent owning 75% of shares, potential merger poses a risk but shareholders can extract fair...

Value Investors Club

ICICI Securities Ltd. - Robust Quarter; Dropping Coverage Owing to De-Listing

In Q4FY24, ISEC lost market share in terms of the Retail cash market by ~40bps QoQ. The retail cash market share stood at 12.7% vs. 13.1% QoQ and...

Axis Direct

ICICI Securities Ltd - Robust Quarter, Healthy Performance Across Most Segments!

However, in the retail derivative segment, the company’s market share declined by ~30bps to 3.4%.Similarly, in the commodity segment, the company...

Axis Direct

Swiggy IPO Trading - Decent Anchor but Tepid Overall Demand

Swiggy Limited raised around US$1.35bn in its India IPO, although the demand wasn't great with only instis having some interest in the listing.

Sumeet Singh

ICICI Securities Delisting is a Special Situation Play with a potential upside of 20% and limited downside risk offering a short-term bet.