Should you believe Zerodha’s Nithin Kamath or Angel One’s Dinesh Thakkar?
With the stock markets losing their fizz after a spectacular two-year run, two brokerage heads have come out with very different views on what lies ahead.
5 May, 2022•6 min
0
5 May, 2022•6 min
0
Getting your Trinity Audio player ready...
Why read this story?
Editor's note: Two CEOs of star stock brokerages, whose businesses made rapid strides in the bull run of the last couple of years, but with diametrically opposed views of the prospects of the industry. I’m talking about Nithin Kamath, who runs the decade-old startup Zerodha, the No. 1 stock brokerage in India, and Dinesh Thakkar, who runs the three decade-old Angel One, the country’s fourth largest. While Kamath sounds pessimistic in his outlook, Thakkar is brimming with confidence. Business has been fantastic for both firms in the last two financial years. For the financial year ended March 2022, the unlisted Zerodha said that its unaudited revenue and profits increased 60%. These came on top of a 190% increase in revenue in 2020-21. In short, Zerodha’s revenue increased four times in two years, going from Rs 938 crore in 2019-20 to around Rs 4,300 crore in 2021-22. Angel One (formerly Angel Broking) too has had a spectacular run. Though the company listed in October 2020 at a 10% discount to its offer price of Rs 306 a share, its stock price went up …
More in Business
Business
SEBI’s overdue expansion is underway, but top-level gaps persist
India’s market regulator is looking to ramp up hiring at the entry level. But what really needs attention is the constant uncertainty at the top and the lack of domain experts.
You may also like
Business
This is what will dictate Waaree’s future
The solar module maker must fix a key metric—its cell utilization—before embarking on a costly capacity surge that can strain its balance sheet.
Business
Motilal Oswal Mutual Fund’s inexplicable Ola Electric love
While its peers headed for the exit, the fund house doubled down on the falling stock. The contrarian call now looks expensive—and risky.
Business
Minus scooters, an empty gigafactory is squeezing Ola Electric dry
The company’s two-wheeler sales are evaporating. But its founder is reframing it as a necessary step to achieve profitability. All while trying to pivot towards becoming a company that sells lithium-ion cells instead of automobiles.