BSE Q1 was flat as expected. The company got its legs just recently with restarting of equity derivatives and stopping LES. The volumes built up only post June. Need to also check their share in equity cash segment.
This should show in q2. Also, now that the buyback is useless, it remains to be seen how the management returns the funds from CDSL stake sale to shareholders. Higher dividends?
Also, fresh in the news is sip hitting all time high. Positive for star MF?
Disc: not a buy,hold or sell reco.
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