Buying In Brokerage Stocks Continues Unabatedly; Angel Broking, CDSL, Emkay Hit Fresh 52-Week High

Even as the markets in today's trade has seen a correction of over 0.5% dragged down by primarily financials and banking names, one pack seeing aggressive buying from the space is the securities' markets broking houses. Some of the stocks from the space have even hit a fresh 52 high say for instance Angel Broking (Rs. 1475), the stock last traded with gains of over 9%.

Buying In Brokerage Stocks Continues Unabatedly; Angel Broking, CDSL, Emkay Hit Fresh 52-Week High

Joindre Capital from the investment space is another stock that has hit another 52-week high of Rs. 33.40. Shares of Inani Securities were again locked in 5% circuit.

Emkay Global is another stock that has hit a fresh 52-week high of Rs. 135.55. Another stock that has hit a fresh high is CDSL, while others that have hit a fresh high include LKP Securities and

Notably, on improved business prospects with more and more people foraying into the capital market there has been witnessed an increase in the number of demat accounts.

Also Angel Broking's financial results for the Q1 of FY22 have been impressing and the company said it registered the highest gross addition of 1.2 million.

There is a view that AMCs shall witness tailwinds as equity registered strong inflows via SIPs for the June month as well as quarter.

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