Brokerage firms play a significant part in the financial markets by facilitating transactions for investors and traders. In India, several brokerage firms have established themselves as key players in the industry. As a result, broking stocks have seen massive growth. Broking stocks are investments in companies that provide brokerage services for different financial instruments.
If you want to buy stocks in the broking sector, this article can be helpful to you.
Top 5 Listed Broking Stocks to Invest
Here are the top 5 broker stocks you can invest in India.
1. ICICI Securities
ICICI Securities is a subsidiary of ICICI Bank, offering a bouquet of services like trading, mutual funds investment, private wealth management, and much more.
They have over 9.3 M customers including, retail, HNIs, financial institutions, corporates and the government.
- ICICI Securities Share Price as of Feb 2024: ₹780+
- Market Cap: ₹25,364.70 Cr.
2. IIFL Securities
IIFL Securities is one of the largest broking houses in India offering diversified services for two decades. They have advanced technology platforms, expert management and a large network of branches around the country.
They have 25+ years of experience in the industry with more than 25,00,000 active customers.
- IIFL Securities Share Price as of Feb 2024: ₹140+
- Market Cap: ₹4,269.15 Cr.
3. Motilal Oswal Financial Services
It is a technology-based financial services company that offers you a 360-degree product offering. They have served over 50,00,000 customers and were awarded as the ‘Best Local Brokerage (India) at Asia Money Brokers Poll 2021’.
This brokerage house is known for its in-depth research reports which are prepared by industry experts and help investors and traders make informed decisions.
- Motilal Oswal Share Price as of Feb 2024: ₹1770
- Market Cap: ₹26,879.60 Cr.
4. Angel One
Angel One is a full-service broker with over 25 years of experience in the field. Angel One has been recognised as India’s largest listed retail brokerage business in terms of active clients on the NSE as of December 31, 2021. They have a registered customer base of more than 1.75 Crore.
Angel One offers a variety of innovative services like algorithm trading, online trading and investment, advisory services, portfolio management services, etc.
- Angel One Share Price as of Feb 2024: ₹3190+
- Market Cap: ₹26,955.20 Cr.
5. Nuvama Wealth Management
Nuvama Wealth (formerly Edelweiss Wealth Management) offers broking services, a margin trading facility and distribution of financial products. They conduct extensive research to help their clients and generate over 200 institutional-grade research reports.
Nuvama Wealth offers different trading platforms, including a mobile app, website, terminal and API-based trading platform.
- Nuvama Share Price as of Feb 2024: ₹3360+
- Market Cap: ₹12,008.90 Cr.
Conclusion
Broker stocks in India present many opportunities for investors seeking growth and diversification. You can invest in these stocks as per your preferences and risk appetite. With the Dhan app, you can seamlessly buy stocks online, track your investments, and stay informed about market trends—all at your fingertips.