5PAISA

March 11 (Reuters) - 5Paisa Capital Ltd PAIS.NS:

• 5PAISA CAPITAL - RIGHTS ISSUE PRICE SET AT 300 RUPEES PER SHARE

Source text: ID:nBSE36Dp5j

Further company coverage: PAIS.NS

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Feb 24 (Reuters) - 5Paisa Capital Ltd PAIS.NS:

• TO RAISE FUNDS UP TO 4.75 BILLION RUPEES VIA RIGHTS ISSUE

Source text: ID:nNSE19dgmj

Further company coverage: PAIS.NS

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Jan 21 (Reuters) - 5Paisa Capital Ltd PAIS.NS:

• BOARD APPROVES FUND RAISING

• AGGREGATE AMOUNT NOT EXCEEDING 5 BILLION RUPEES

Source text: ID:nNSE2b9PPT

Further company coverage: PAIS.NS

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Jan 16 (Reuters) - 5Paisa Capital Ltd PAIS.NS:

• 5PAISA CAPITAL - TO CONSIDER TO RAISE FUNDS

Source text: ID:nBSE7S6pw4

Further company coverage: PAIS.NS

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** Shares of India's 5paisa Capital PAIS.NS drop nearly 5% to 340 rupees

** Financial services co's third-quarter consol profit after tax drops 24% y/y to 123 mln rupees ($1.4 mln), income slips 7%

** Trading vols 433,236 shares vs 30-day avg of 289,144 shares

** Stock lost ~29% in 2025

($1 = 90.1340 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru)

((Hritam.Mukherjee@thomsonreuters.com;))

- Source link: (https://bitl.to/5WMi)

- Note: Reuters has not verified this story and does not vouch for its accuracy

(Bengaluru newsroom)

((ReutersIndia.snapping@thomsonreuters.com; +91 80 6749 1310;))

** Shares of 5paisa Capital PAIS.NS fall 4.5% to 398 rupees, their biggest intraday pct loss in over three months

** Online stock broking firm's Q1 profit falls 74% Y/Y, hurt by lower number of orders in the quarter; rev down 31.6%

** More than 129,000 shares traded; 3.5x the 30-day avg

** Stock down 14.8% YTD

(Reporting by Aleef Jahan in Bengaluru)

((aleefjahan.cs@thomsonreuters.com))

June 18 (Reuters) - 5Paisa Capital Ltd PAIS.NS:

• LAUNCHES MODEL CONTEXT PROTOCOL FOR AI-POWERED TRADING INTEGRATION

Source text: [ID:]

Further company coverage: PAIS.NS

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May 1 (Reuters) - 5Paisa Capital Ltd PAIS.NS:

• MARCH-QUARTER CONSOL PROFIT 100.7 MILLION RUPEES

• MARCH-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 712.7 MILLION RUPEES

Source text: ID:nNSE4p58Nx

Further company coverage: PAIS.NS

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April 16 (Reuters) - 5Paisa Capital Ltd PAIS.NS:

• 5PAISA CAPITAL LTD - TO CONSIDER ISSUANCE OF NON-CONVERTIBLE DEBENTURES THROUGH PRIVATE PLACEMENT

Source text: ID:nBSEgw81j

Further company coverage: PAIS.NS

((Reuters.Briefs@thomsonreuters.com;;))

March 21 (Reuters) - ** Afcons Infrastructure AFCN.NS rises 2.3% to seven-week high of 480.85 rupees; set for third day of gains

** IIFL Capital starts with "buy", PT of 554 rupees

** Says co's existing 486 bln-rupee order book (including L1 position) and stable government infra spends provide strong growth visibility

** Expects revenue and profit to grow at compounded annual rate of 20% and 24%, respectively, over FY25-FY27

** Adds margins rose steadily due to larger size, complexity of projects and will sustain going ahead

** Stock rated "strong buy" on avg; median PT is 570.50 rupees, per data compiled by LSEG

** AFCN up 4% from IPO price of 463 rupees when it debuted on November 4, 2024, but down 12% YTD

(Reporting by Vivek Kumar M)

((VivekKumar.M@thomsonreuters.com;))

** IIFL Finance IIFL.NS rises 3.3%; wealth management firms 360 One Wam ONEW.NS and 5paisa Capital PAIS.NS gain 4.7% and 3.4%, respectively

** Income tax authorities have concluded searches at their premises, IIFL Finance, 360 One Wam and 5paisa Capital say

** IIFL rated "strong buy", ONEW rated "buy" on avg; PAIS not rated - LSEG

** YTD, ONEW's ~18% loss steepest among three; IIFL and PAIS down ~12% and ~15%, respectively

(Reporting by Hritam Mukherjee in Bengaluru)

((Hritam.Mukherjee@thomsonreuters.com;))

Feb 4 (Reuters) - 5Paisa Capital Ltd PAIS.NS:

• INCOME TAX DEPARTMENT CONCLUDES SEARCH AT 5PAISA PREMISES

Source text: ID:nNSEcb60wC

Further company coverage: PAIS.NS

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Jan 29 (Reuters) - 5Paisa Capital Ltd PAIS.NS:

• 5PAISA CAPITAL LTD - INCOME TAX DEPARTMENT INITIATES SEARCH AT 5PAISA CAPITAL PREMISES

• 5PAISA CAPITAL LTD - BUSINESS OPERATIONS CONTINUE NORMALLY

Source text: ID:nBSE5j2bnh

Further company coverage: PAIS.NS

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Jan 17 (Reuters) - 5Paisa Capital Ltd PAIS.NS:

• GAURAV SETH APPOINTED AS MANAGING DIRECTOR

Source text: ID:nNSE68Njvn

Further company coverage: PAIS.NS

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Jan 14 (Reuters) - 5Paisa Capital Ltd PAIS.NS:

• 5PAISA CAPITAL - NAMES GAURAV SETH AS CEO

Source text: ID:nBSE22XlcK

Further company coverage: PAIS.NS

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Corrects spelling of Zerodha co-founder's name in paragraph 9

Oct 3 (Reuters) - Shares of most Indian brokerages settled lower on Thursday after the markets regulator tightened rules for derivatives trading, while an escalating Middle East conflict weighed on broader markets.

The Securities and Exchange Board of India (SEBI) on Tuesday raised the entry barrier and made it more costly to trade in equity derivatives. The changes will be effective from Nov. 20.

SEBI had first proposed tightening derivatives trading in July.

Online trading platforms Aditya Birla Money ABML.NS and SMC Global Securities SMCG.NS fell the most, dropping 3.7% and 3.8%, respectively. They were flat earlier in the session.

Discount broker 5Paisa Capital PAIS.NS, which rose 3.8% earlier in the day, ended down 2.7%.

The benchmark Nifty 50 .NSEI and S&P BSE Sensex .BSESN posted their worst sessions since early August as the widening Middle East conflict dented risk appetite. .BO

Discount broker Angel One ANGO.NS, was the lone gainer, closing 5.5% higher in a choppy session after analysts at Investec raised the price target on the stock to 3,000 rupees, the second-highest on the Street.

Exchange operator BSE's BSEL.NS shares closed up 2.5% after briefly rising nearly 10%. BSE, which has smaller exposure to the derivatives segment, would be affected less by the new rules than the National Stock Exchange of India, Motilal Oswal said in a note.

SEBI's new rules would hurt 60% of all futures and options trades and 30% of overall trades, Nithin Kamath, co-founder of India's largest brokerage Zerodha, said in a post on X, adding that Zerodha would decide on pricing changes on Nov. 20.

Indian authorities have been flagging concerns about the unchecked explosion of retail investor trading in derivatives and the possibility that it could create challenges for the markets, investor sentiment and household finances.

A SEBI study published last month showed that only 7.2% of individual Indian traders made a profit in futures and options in the three years to March 2024.

($1 = 83.9330 Indian rupees)

(Reporting by Nandan Mandayam in Bengaluru; Editing by Mrigank Dhaniwala and Eileen Soreng)

((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))

Adds impact on high frequency traders, quant funds, updates share prices

By Jayshree P Upadhyay and Sethuraman N R

BENGALURU, July 31 (Reuters) - The Indian market regulator's proposed measures to curb the trading frenzy in options will impact high-frequency traders and quant funds as well as brokerage firms that have gained from increased retail investor interest in the segment, traders said.

On Tuesday, the Securities and Exchange Board of India (SEBI) proposed raising the minimum trading amount for index options by more than three times, reducing the number of contracts expiring each week and hiking margins.

The regulator also suggested bringing down the range of prices at which option owners can buy or sell the underlying stock, called strikes.

HEDGING VS VOLUMES

For high-frequency traders and quant funds, which trade in futures and options, these measures will limit their ability to hedge, according to Rishi Kohli, chief investment officer for hedge fund strategies at asset management firm InCred.

These entities "need some of these products for cheaper hedging. With reduced expiries, the advantage of the cheaper hedge will reduce," he told Reuters on Wednesday.

A lobby body for India's quant funds will send a representation to the regulator to review some of its proposals, said two hedge fund managers who declined to be named.

Stock exchanges and retail-focussed brokerages will also take a hit to their volumes, according to brokerage Jefferies.

Investec expects a 30% drop in the number of derivative orders per client for Angel One and sees the brokerage raising prices to 25 rupees per order from 20 rupees.

Earlier in the day, shares of SMC Global Securities SMCG.NS Geojit Financial GEOJ.NSand IIFL Securities IIFS.NS fell between 1%-5%.

MORE ACTIVITY

Larger non-individual players such as high-frequency algorithm-based traders and foreign investors in general made profits while individual investors incurred losses, SEBI said in a discussion paper uploaded on its website on Tuesday.

The options segment has been experiencing more activity as India's two leading exchanges offer multiple options contracts each week, leading to such contracts expiring nearly every day of the week.

The notional value of index options traded more than doubled in 2023-24 to $907.09 trillion from $447.69 trillion a year ago, according to regulatory data.

Over 9 million individuals and firms dabbled in index derivatives in fiscal 2024, incurring a loss of 516.89 billion rupees ($6.18 billion), the SEBI paper added.

LIMITED IMPACT

India's largest discount brokerage Zerodha, however, is not likely to record a large impact on options trading volumes, its CEO Nithin Kamath said on social media platform X, as these changes would "incentivise futures traders to move to options" due to caps on leverages in futures.

Also likely to offset the impact is exchange operator BSE BSEL.NS, according to Jefferies. The exchange may "even gain if volumes spill over from discontinued products to those which are continued," Jefferies said.

BSE BSEL.NS closed 6% higher on Wednesday.

($1 = 83.6980 Indian rupees)

(Reporting by Sethuraman NR in Bengaluru; Editing by Mrigank Dhaniwala and Janane Venkatraman)

((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))

Repeats story published on July 19 with no changes to text

By Bharath Rajeswaran

BENGALURU, July 19 (Reuters) - India unveils its budget on July 23 in the first major policy announcement of Prime Minister Narendra Modi's third five-year term, which could usher in changes to economic priorities.

After a shock election result saw Modi's party returned to power relying on allies, the government is expected to boost consumption in Asia's third-largest economy by lowering personal taxes or increasing spending on consumer-focused areas.

While that could benefit consumer goods makers, real estate and housing finance firms as well as infrastructure and auto companies, some sectors could also stand to lose, said brokerages.

Here are some of their winners and losers.

RURAL-LINKED SECTORS

The government is expected to allocate more funds for rural schemes to stimulate consumption, aiding consumer goods makers like Hindustan Unilever HLL.NS and two-wheeler makers like TVS Motor TVSM.NS and Hero MotoCorp HROM.NS, according to Citi.

A less than 5%-7% increase in tobacco taxes could be a positive for ITC ITC.NS, the country's largest cigarette maker, according to Jefferies.

REAL ESTATE

The government is likely to allocate more funds for affordable housing, benefitting developers such as Macrotech Developers MACE.NS and Sunteck Realty SUNT.NS, Citi said.

Moreover, the introduction of an interest subsidy scheme for urban housing would boost financiers like Aavas Financiers AVAS.NS and Home First Finance HOME.NS, said Jefferies.

AUTOMAKERS

India doled out subsidies worth 115 billion rupees ($1.38 billion) over five years to drive the adoption of electric vehicles (EVs) and Macquarie expects the government to retain both the quantum and tenure in its latest scheme.

That could benefit Tata Motors TAMO.NS, India's top e-car maker, as well as IPO-bound e-scooter maker Ola Electric and e-bus makers Olectra Greentech OLEC.NS and JBM Auto JBMA.NS.

Conversely, lesser-than-expected EV subsidies could benefit Maruti Suzuki MRTI.NS, India's highest-selling car maker and one that has chosen to make hybrid cars over pure EVs.

MANUFACTURING

The push on production-linked incentive schemes, which incentivises local manufacturing and creates jobs, is expected to continue, according to HSBC.

That will help manufacturers of technology hardware, telecom equipment, electronics and medical devices among others, like Dixon Technologies DIXO.NS, Ideaforge Technology IDEF.NS, Biocon BION.NS.

Capital goods companies like Larsen & Toubro LART.NS and infrastructure firms could benefit from the likely rise in capital expenditure in the budget, according to Jefferies.

TRADING

Any change in capital gains tax -- either by raising the holding period or tax rate -- could be a dampener for equities, Morgan Stanley said, though it says such moves are unlikely.

But, if enacted, they would increase the tax burden on equity and mutual fund investors, eroding the tax advantage they enjoy over investors in other asset classes.

It could also lead to lower trading volumes, weighing on brokerages Motilal Oswal MOFS.NS, ICICI Securities ICCI.NS, Angel One ANGO.NS, 5 Paisa PAIS.NS among others.

The country's mutual fund association has petitioned that mutual fund units be exempted from long-term capital gains tax.

The government and regulators also want to rein derivatives trading -- which has largely powered the stock market's rally since the COVID-19 pandemic -- calling it risky and speculative.

Any move to do so, such as through higher taxes, will not only weigh on the market but also reduce trading volumes and in turn, affect brokerages and trading platforms, Jefferies said.

(Reporting by Bharath Rajeswaran in Bengaluru; Editing by Savio D'Souza)

((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))

By Bharath Rajeswaran

BENGALURU, July 19 (Reuters) - India unveils its budget on July 23 in the first major policy announcement of Prime Minister Narendra Modi's third five-year term, which could usher in changes to economic priorities.

After a shock election result saw Modi's party returned to power relying on allies, the government is expected to boost consumption in Asia's third-largest economy by lowering personal taxes or increasing spending on consumer-focused areas.

While that could benefit consumer goods makers, real estate and housing finance firms as well as infrastructure and auto companies, some sectors could also stand to lose, said brokerages.

Here are some of their winners and losers.

RURAL-LINKED SECTORS

The government is expected to allocate more funds for rural schemes to stimulate consumption, aiding consumer goods makers like Hindustan Unilever HLL.NS and two-wheeler makers like TVS Motor TVSM.NS and Hero MotoCorp HROM.NS, according to Citi.

A less than 5%-7% increase in tobacco taxes could be a positive for ITC ITC.NS, the country's largest cigarette maker, according to Jefferies.

REAL ESTATE

The government is likely to allocate more funds for affordable housing, benefitting developers such as Macrotech Developers MACE.NS and Sunteck Realty SUNT.NS, Citi said.

Moreover, the introduction of an interest subsidy scheme for urban housing would boost financiers like Aavas Financiers AVAS.NS and Home First Finance HOME.NS, said Jefferies.

AUTOMAKERS

India doled out subsidies worth 115 billion rupees ($1.38 billion) over five years to drive the adoption of electric vehicles (EVs) and Macquarie expects the government to retain both the quantum and tenure in its latest scheme.

That could benefit Tata Motors TAMO.NS, India's top e-car maker, as well as IPO-bound e-scooter maker Ola Electric and e-bus makers Olectra Greentech OLEC.NS and JBM Auto JBMA.NS.

Conversely, lesser-than-expected EV subsidies could benefit Maruti Suzuki MRTI.NS, India's highest-selling car maker and one that has chosen to make hybrid cars over pure EVs.

MANUFACTURING

The push on production-linked incentive schemes, which incentivises local manufacturing and creates jobs, is expected to continue, according to HSBC.

That will help manufacturers of technology hardware, telecom equipment, electronics and medical devices among others, like Dixon Technologies DIXO.NS, Ideaforge Technology IDEF.NS, Biocon BION.NS.

Capital goods companies like Larsen & Toubro LART.NS and infrastructure firms could benefit from the likely rise in capital expenditure in the budget, according to Jefferies.

TRADING

Any change in capital gains tax -- either by raising the holding period or tax rate -- could be a dampener for equities, Morgan Stanley said, though it says such moves are unlikely.

But, if enacted, they would increase the tax burden on equity and mutual fund investors, eroding the tax advantage they enjoy over investors in other asset classes.

It could also lead to lower trading volumes, weighing on brokerages Motilal Oswal MOFS.NS, ICICI Securities ICCI.NS, Angel One ANGO.NS, 5 Paisa PAIS.NS among others.

The country's mutual fund association has petitioned that mutual fund units be exempted from long-term capital gains tax.

The government and regulators also want to rein derivatives trading -- which has largely powered the stock market's rally since the COVID-19 pandemic -- calling it risky and speculative.

Any move to do so, such as through higher taxes, will not only weigh on the market but also reduce trading volumes and in turn, affect brokerages and trading platforms, Jefferies said.

(Reporting by Bharath Rajeswaran in Bengaluru; Editing by Savio D'Souza)

((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))

July 12 (Reuters) - 5Paisa Capital Ltd PAIS.NS:

• Q1 CONSOL PROFIT 200.9 MILLION RUPEES

• Q1 CONSOL TOTAL REVENUE FROM OPERATIONS 1.02 BILLION RUPEES

Source text for Eikon: ID:nBSE8w0p6z

Further company coverage: PAIS.NS

((Reuters.Briefs@thomsonreuters.com;))

** Shares of Indian brokerage firms down 1.5%-7%

** India markets regulator on Monday asked market infrastructure institutions to levy a uniform charge from Oct. 1 without any discounts based on trading vols to curb frenzy in India's derivative markets

** Exchanges often charge lower fee to brokers if they generate high volumes, contributing to surge in trading across segments like derivatives

** Angel One ANGO.NS down 8%, 5Paisa Capital PAIS.NS falls 3.5%, SMC Global Securities SMCG.NS sheds 1.5% and Geojit Financial down 2.2%

(Reporting by Sethuraman NR in Bengaluru)

((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))

** Shares of 5Paisa Capital PAIS.NS down 6.4% at 538.40 rupees

** Online stock broking firm's March-qtr consolidated profit tumbles ~60% y-o-y as total expenses climb 45.7%; interest income up 42.4%

** PAIS down after two straight sessions of gains

** More than 557,900 shares trade in stock's second-busiest session so far this month

** Stock down 4.9% YTD, after 84.1% rise in 2023

(Reporting by Rama Venkat in Bengaluru)

((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))

March 15 (Reuters) - 5Paisa Capital Ltd PAIS.NS:

• MULTI COMMODITY EXCHANGE OF INDIA IMPOSED RESTRICTION ON CO WITH REGARD TO ONBOARDING OF NEW CLIENTS

• MCX ORDER TO RESTRICT ONBOARDING OF NEW CLIENTS ACROSS ALL SEGMENTS WITH IMMEDIATE EFFECT

• RESTRAIN SHALL CONTINUE TILL CO SUBMITS COMPLETE ROOT CAUSE ANALYSIS ALONG WITH DOCUMENTARY EVIDENCE

• COMPANY FILED WRIT PETITION BEFORE BOMBAY HIGH COURT CHALLENGING THE ONBOARDING RESTRICTION OF NEW CLIENTS

• COURT WAS APPRAISED BY COUNSEL REPRESENTING MCX THAT ONBOARDING ORDER WILL NOT BE ACTED UPON BY MCX

• ACCORDINGLY, THERE IS NO RESTRICTION ON THE COMPANY TO ONBOARD NEW CLIENTS

Source text for Eikon: ID:nNSE4St7L9

Further company coverage: PAIS.NS

((Reuters.Briefs@thomsonreuters.com;))

Jan 22 (Reuters) - 5Paisa Capital Ltd PAIS.NS:

• TO WITHDRAW SCHEME OF ARRANGEMENT BETWEEN CO, IIFL SECURITIES

• SCHEME OF ARRANGEMENT SOUGHT TO DEMERGE IIFL'S ONLINE RETAIL TRADING BUSINESS INTO CO

Source text for Eikon: ID:nNSE2sdS3G

Further company coverage: PAIS.NS

((Reutersbriefs@thomsonreuters.com;))

Jan 11 (Reuters) - 5Paisa Capital Ltd PAIS.NS:

• DEC-QUARTER CONSOL PROFIT 150.9 MILLION RUPEES VERSUS PROFIT 110.2 MILLION RUPEES

• DEC-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 1 BILLION RUPEES VERSUS 837.6 MILLION RUPEES

Source text for Eikon: ID:nBSE1pmRld

Further company coverage: PAIS.NS

((Reuters.Briefs@thomsonreuters.com;))

** Shares of 5paisa Capital PAIS.NS up as much as 4.97% to 495.25 rupees, their highest since Oct. 19, 2021

** Stock most active since July 26

** Online financial services provider says its consolidated profit after tax for July-Sept quarter rose nearly 80% to 190.4 mln rupees ($2.29 mn)

** About 539,862 shares change hands as of 12:31 p.m. IST, 7.3x the 30-day average

** Stock last up 2.6%, extending YTD gains to 57.3%

($1 = 83.2485 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

((Manvi.Pant@thomsonreuters.com; +918447554364;))

Oct 18 (Reuters) - 5Paisa Capital Ltd PAIS.NS:

• INDIA'S 5PAISA CAPITAL SEPT-QUARTER CONSOL PROFIT 190.4 MILLION RUPEES VERSUS 107.5 MILLION RUPEES

• 5PAISA CAPITAL LTD SEPT-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 969 MILLION RUPEES VERSUS 795.5 MILLION RUPEES

Source text for Eikon: ID:nBSE5Fd9qN

Further company coverage: PAIS.NS

((Reuters.Briefs@thomsonreuters.com;))

** Shares of 5paisa Capital Ltd PAIS.NS rise as much as 6.34% to 444.3 rupees, highest since Jan. 17, 2022

** Online brokerage firm reported a 94% rise y/y in June-qtr profit to 145.8 mln rupees ($1.8 mln), aided by lower expenses

** Total rev from ops rose about 1% to 845.3 mln rupees

** Stock trading above its 50-, 100-, and 200-day moving averages

** Relative strength index (RSI) above 70, indicating stock is overbought

** Trading volume at ~329,900 shares, 3x the 30-day avg of ~111,700 shares as of 9:50 a.m. IST

** Stock last up ~42% YTD

($1 = 82.0094 Indian Rupees)

(Reporting by Biplob Kumar Das in Bengaluru)

((Biplobkumar.das@thomsonreuters.com))

July 12 (Reuters) - 5Paisa Capital Ltd PAIS.NS:

• JUNE-QUARTER PROFIT 145.8 MILLION RUPEES VERSUS PROFIT 75.3 MILLION RUPEES

• JUNE-QUARTER TOTAL REVENUE FROM OPERATIONS 845.3 MILLION RUPEES VERSUS 840.2 MILLION RUPEES

• NARAYAN GANGADHAR DESIGNATED AS MD

Further company coverage: PAIS.NS

((Reutersbriefs@thomsonreuters.com;))