Capital Markets
Choice International Limited (choicein): Announces Closing of ₹899 Crore Strategic Investment by NH Investment & Securities in Choice Equity Broking
Choice International Limited (CHOICEIN) announces the successful closing of ₹899 crore strategic investment by NH Investment & Securities in Choice Equity Br.
Choice International Limited (CHOICEIN), a diversified financial services group, is pleased to announce the successful closing of the strategic investment by NH Investment & Securities Co., Ltd. (“NHIS”), a leading South Korean financial institution, in Choice Equity Broking Private Limited (“CEBPL”), its broking subsidiary. CEBPL has received today the full subscription consideration of ₹8,99,99,95,500 (approximately ₹900 crore) and allotted 42,25,350 fully paid-up Compulsorily Convertible Preference Shares (“CCPS”) to NHIS at ₹2,130 per share, pursuant to the Subscription Agreement dated July 9, 2026. The closing marks the culmination of the transaction announced in July 2026 and establishes a strategic partnership between the two financial services institutions.
Strategic Partnership
The proceeds will be deployed towards strengthening CEBPL’s growth capabilities, including expansion of its Margin Trading Facility (“MTF”) business, technology infrastructure, customer acquisition, talent development, and product innovation. Beyond the capital infusion, the partnership provides an opportunity to combine Choice’s understanding of the Indian market and domestic distribution network with NHIS’s international institutional expertise. Collaboration across institutional broking, research, capital markets, risk management, governance, and operational practices is expected to support CEBPL’s long-term competitiveness and business development.
Management Commentary
Mr. Arun Poddar, CEO & Executive Director, Choice International Limited, said: The closing of this investment marks an important milestone in Choice’s journey to build an enduring financial services institution. Beyond strengthening our broking business and technology capabilities, it supports our larger mission of making financial services more accessible and empowering more Indians to participate in the country’s growth. Aligned with Prime Minister Shri Narendra Modi’s vision of Viksit Bharat 2047, we believe financial inclusion and awareness are essential to ensuring that economic progress translates into wider prosperity. By combining technology with our on-ground distribution network, we aim to reach underserved communities, build financial confidence, and enable long-term wealth creation.
As we expand, we remain focused on building a sustainable, institutionally stronger business that creates lasting value for our customers, shareholders, and the nation.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Choice International Limited
Choice International Limited belongs to the Financial Services › Capital Markets sector. Here’s a quick read on where the business and the stock stand today.
Choice falls 8.4% over three months and has not found a floor yet. Premium net margins of 20.2% demonstrate strong cost discipline and a wide competitive moat. Revenue grows at 42.3% and profits at 53.6% CAGR. Both numbers are exceptional. The stock gains 2.0% in the last month, recovering from the three-month slide. However, it is too early to call this a confirmed reversal. Revenue grows at 42.3% and profits at 53.6% CAGR, with D/E of 0.61. Meanwhile, the stock dips 8.4% in three months without any fundamental deterioration. Consequently, the stock quietly becomes cheaper relative to earnings power. For long-term investors, that is a feature. Check Fundamentals of Choice International Limited.
Capital Markets
Geojit Financial Services Limited Q2 & H1fy27 Earnings Release: Revenue Up, PAT Down
Geojit Financial Services Ltd. announced Q2 & H1FY27 earnings with revenue up, but PAT down. Key highlights include strong AUM growth and resilient performance.
Geojit Financial Services Limited (GEOJITFSL) announced its financial results for the quarter ended 30th September 2026 (Q2 FY27) and the first half of FY27 following the meeting of its Board of Directors. Despite market volatility and corrections, the company saw healthy gross inflows and growth in fee-earning AUM. Revenue from operations stood at ₹326.23 crores for H1 FY27, registering a 6.72% YoY growth. However, Profit After Tax (PAT) stood at ₹36.11 crores for H1 FY27, down from ₹52.14 crores in H1 FY26.
Key Financial Highlights
For Q2 FY27, revenue from operations was ₹165.83 crores, registering a 2.57% YoY growth. Profit Before Tax (PBT) stood at ₹20.62 crores, compared with ₹30.31 crores in Q2 FY26. PAT for the quarter was ₹16.28 crores, compared with ₹23.47 crores in Q2 FY26. Despite these figures, the company’s customer assets stood at ₹1.12 lakh crores as of September 30, 2026.
Operational Performance
The company’s asset management business saw a strong growth in Asset Management Annual Recurring Revenue (ARR) net flows, which increased by 353% YoY to ₹322 crores in Q2 FY27, compared to ₹71 crores in Q2 FY26. The client base increased to 17.25 lakh, with 31,481 new clients added during Q2 FY27. The company continued to invest in technology, digital platforms, customer engagement, and field-force expansion to strengthen customer acquisition and improve productivity.
Jones George, Managing Director of Geojit Financial Services Limited, commented on the overall performance, stating, “The second quarter of FY27 remained challenging for the Indian capital markets amid market corrections and volatility. Despite these headwinds, Geojit Financial Services demonstrated resilience, supported by healthy net-inflows and sustained customer engagement.”
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Geojit Financial Services Limited
Geojit Financial Services Limited belongs to the Financial Services › Capital Markets sector. Here’s a quick read on where the business and the stock stand today.
Geojit holds in the upper half of its 52-week range, a sign the market backs the stock. Revenue contracts at 14.1% CAGR. That signals structural headwinds, not a short-term blip. The stock gains 0.1% in the last month, recovering from the three-month slide. However, it is too early to call this a confirmed reversal. Revenue grows at 14.1% CAGR and the PEG stands at 99.00. The growth does not match the price the market asks. Furthermore, flat price action adds no technical catalyst. A lower price or faster revenue growth would improve the odds. Check Fundamentals of Geojit Financial Services Limited.
Capital Markets
Master Trust Limited (mastertr) Announces Launch of Clearing & Settlement Services by Subsidiary Mastercapitalserviceslimited
Master Trust Limited (MASTERTR) announces MasterCapitalServicesLimited’s commencement of clearing & settlement services in F&O segment.
Master Trust Limited (MASTERTR) has announced that its wholly-owned subsidiary, MasterCapitalServicesLimited (MCSL), has commenced clearing & settlement services as a Clearing Member effective October 15, 2026. The services cover trades executed in the Futures and Options (F&O) segment of NSE and BSE through a Custodian Participant (CP) Code.
Key Highlights
MCSL’s new services provide several benefits including a single collateral pool, no need for separate collateral for each trading account, consolidated positions and margin, and trading continuity. These features aim to offer clients greater capital efficiency, convenience, and trading continuity in the F&O segment.
About Master Trust Limited
Master Trust Limited is a diversified financial services company with over 41+ years of experience, offering a comprehensive suite of trading, investment, wealth management, and financial solutions. The company has evolved into a trusted financial services platform with a strong presence across capital markets, serving retail, HNI, corporate, and institutional clients through technology-driven and research-backed offerings.
Master Trust Limited aims to deepen its digital capabilities, expand its customer base and product offerings, and strengthen its integrated financial services ecosystem. With a focus on technology, innovation, research-driven advisory, and nationwide expansion, the company is well-positioned to capitalize on the growing demand for comprehensive financial solutions while creating long-term value for its stakeholders.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Master Trust Limited
Master Trust Limited belongs to the Financial Services › Capital Markets sector. Here’s a quick read on where the business and the stock stand today.
Master moves sideways over three months, with neither buyers nor sellers taking control. The PEG of 0.30 is extremely low. Either the market misses the growth story, or there is a catch worth investigating. Industry-leading margins of 25.0% reflect exceptional pricing power and operational efficiency. The stock holds at 31% of its 52-week range with RSI at 42. In other words, neither side has a clear edge right now. Revenue grows at 17.5% and profits at 24.1% CAGR, with D/E of 0.00. Meanwhile, the stock dips 6.0% in three months without any fundamental deterioration. Consequently, the stock quietly becomes cheaper relative to earnings power. For long-term investors, that is a feature. Check Fundamentals of Master Trust Limited.
ANGELONE
Angel One Limited (NSE: Angelone) Q2 FY27: Revenue and PAT Surge, Client Funding Book Hits ₹74.5 Bn
Angel One Limited (NSE: ANGELONE) announced impressive Q2 FY27 results with revenue and PAT up, client funding book at ₹74.5 bn.
Angel One Limited (NSE: ANGELONE) announced its unaudited standalone and consolidated financial results for the quarter and half year ended 30th September 2026. The company reported significant growth in gross revenues, earnings before debt, taxes, depreciation, and amortization (EBDAT), and profit after tax (PAT). Notably, the average client funding book reached a new high of ₹74.5 billion, up 40.5% year-on-year.
Revenue and Profit Surge
The company’s total gross revenues for Q2 FY27 stood at ₹14,007 million, marking an 18.5% year-on-year growth. The reported EBDAT was ₹5,194 million, showing a robust 50.1% YoY increase. The PAT for the quarter was ₹3,667 million, reflecting a 55.2% surge compared to the same period last year.
Client Engagement and Market Share
Angel One’s client engagement remained strong with the average daily orders reaching 5.8 million in September 2026. The company’s share in India’s demat accounts stood at 16.6%, and its retail equity derivatives turnover share increased to 22.1%, up 43 basis points year-on-year. The commodity turnover more than doubled, highlighting the diversified growth across different segments.
Looking Ahead
Mr. Ambarish Kenghe, Group CEO of Angel One, emphasized the company’s resilience and strategic investments. He noted, ‘With strong foundations, multiple growth engines, and a relentless focus on client outcomes, we are confident in our ability to create enduring value while contributing meaningfully to India’s financial future.’ Angel One continues to evolve into a broader financial services ecosystem, poised to deepen customer relationships across investing, borrowing, and wealth creation.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Angel One Limited
Angel One Limited belongs to the Financial Services › Capital Markets sector. Here’s a quick read on where the business and the stock stand today.
Angel posts a 3.8% three-month gain, but softens in the last few weeks. The PEG stands at 36.78 — severely stretched. Any earnings miss could trigger a sharp de-rating. Revenue consistency is the one bright spot — zero dips in five years shows operational resilience. The stock gives back 3.9% in the last month despite a positive three-month run. As a result, the earlier momentum appears to be fading. The stock rises 3.8% in three months on 20.3% revenue growth. As a result, the market gives it more credit than the fundamentals strictly justify. Watch the next quarterly results. If growth accelerates, the move makes sense. If not, expect some gains to unwind. Check Fundamentals of Angel One Limited.
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