External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund 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.

External broker reports(aggregated public sources)

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund 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.

Equity Bottom-Up

<ul><li>Following the implementation of regulatory changes mandating one weekly expiry per exchange, the notional volume has seen a significant decline across equity exchanges</li><li>The equity notional volume is down ~19% in Q3FY25E and ~37% in Dec 2024</li><li>Conversely, premium volumes have only decreased by 4% in Q3 and about 8% in Dec 2024, driven by a higher P/N ratio, which has risen from 15bps to ~23bps currently</li></ul><p><em>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.</em></p>

Following the implementation of regulatory changes mandating one weekly expiry per exchange, the notional volume has seen a significant decline across equity exchangesThe equity notional volume is down ~19% in Q3FY25E and ~37% in Dec 2024Conversely, premium volumes have only decreased by 4% in Q3 and about 8% in Dec 2024, driven by a higher P/N ratio, which has risen from 15bps to ~23bps currentlyContent 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.

BSE: Shift Towards Better-Margin Volumes. Maintain REDUCE

Bombay Stock Exchange

BSE: Shift Towards Better-Margin Volumes. Maintain REDUCE