I am surprised and confused by today’s move.
At best stock should have been near zero in the light of a bad and one good news.
About the good news, other brokers like Zerodha have decided not to increase brokerage so increasing brokerage can have a negative impact on cash activity.
At present, 85% of revenue comes from FnO, not sure how much revenue can this increase in brokerage bring.
Any explanations of today’s movement?
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