Time to buy - Stock Broking Companies
With both primary and secondary markets booming we will see more and more middle class entering Equity markets with a frenzy and all of them have FOMO feeling.
The last 1 year has changed lifestyle of many working professionals with WFH being the norm. With plenty of free time and money they are entering in a big way into Swing and Day Trading.
The Stock broking companies are also aggressively expanding quickly to rake in the moolah.
The image below shows Angel Broking as top performing company with 2x returns from the year lows.
We prefer ICICI securities as it has the vast branch network and also relies on account base of ICICI Bank. We can expect the stocks to double from current levels in next 9–12 months.
With impending issue of Zomato, PayTM and LIC more and more first time investors will tap into equity investing and these broking companies are assured of increased client base as well as broking income is assured.
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