The effect of the recent regulation is only a very short term issue. The company is trying hard to reinvent itself as a wealth management player. It boasts of a lot of firsts in the industry. After low growth for a very long period of time, they are slowly moving into the next leg of growth. PMS and distribution business seem to be growing well.
There has been some growth in JVs as well.
Geojit is also planning to start an entity at Dubai International Financial Centre (DIFC)
They are also issuing rights at 50 per share in the ratio 1:6.
Biggest risk is that Brokerage income tend to be quite cyclical.
Discl: Invested, biased
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