Has ICICI Securities found a magic formula to beat margin rule impact?

Has ICICI Securities found a magic formula to beat margin rule impact?
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Analysts tracking the company remain positive in outlook and see up to 35 per cent upside in the stock.
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NEW DELHI: Thanks to robust client addition and more cash delivery, India’s largest traditional broker more than doubled net profit during the March quarter. The company was virtually unaffected by Sebi’s new margin rules.
Analysts tracking the company remain positive in outlook and see up to 35 per cent upside in the stock. Most of them have ‘buy’ ratings on the scrip. The stock gained nearly 5 per cent in Mumbai trading on Thursday.

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