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Indian Bourse's Shares Tank as $20 Million Sought in Option Fees

Indian Bourse's Shares Tank as $20 Million Sought in Option Fees
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Jefferies: Jefferies positive on brokerage stocks

Jefferies expects Indian wealth management firms assets under management to double by FY27. "IWMs (Indian wealth managers) are gaining share in the ultra-HNI segment (80% of market) where global players are receding and smaller banks lack bandwidth for personalised solutions," said the brokerage s analysts Jayant Kharote and Prakhar Sharma in a client note.

Jefferies initiates coverage on 2 wealth management companies; stocks surge up to 5%

The global brokerage believes wealth managers are well-placed to ride on India s economic growth and financialization of savings, especially in capital markets. Leading players will benefit from strong inflows and operational efficiencies to deliver 20-22% profit CAGR over FY24-27E. A rise in the share of trail fees (70-75% by FY27E) improves earning visibility and supports valuation re-rating

Paytm Payments Bank: All options, including acquisition, on table to keep lender afloat

Jefferies Financial Group on Monday became the first major foreign brokerage to drop coverage on Paytm-operator One 97 Communications Ltd. until the news flow around the struggling Indian fintech major “settles down”.

Jefferies temporarily suspends rating on Paytm but falls short of stopping coverage

Jefferies temporarily suspends coverage on Paytm due to uncertain valuation, pending RBI regulatory actions, potential merchant/user attrition, and the closure of Paytm Payments Bank s wallet business. The outcome of Enforcement Directorate investigations, government approval for payment aggregator license, and onboarding of Axis Bank are awaited.

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