5PAISA

** 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)

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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

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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)

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** 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)

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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

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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)

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Adds BSE's share move; updates moves

** Shares of Indian brokerages drop 1%-5%

** India's markets regulator proposes raising minimum trading amount for index options by more than three times, reducing the number of contracts expiring each week and a rise in trading margins

** Exchanges and retail-focused brokers will be most impacted, says Jefferies

** However, Jefferies says exchange operator BSE BSEL.NS may offset this impact, and may also gain if volumes spill over from discontinued products to those which are continued

** BSE gains 7% after opening 1.5% lower

** Angel One ANGO.NS fell as much as 2.4% in early trade before paring all losses to trade 1.7% higher

** Investec expects 30% drop in derivatives orders per client for ANGO; sees it raising prices to 25 rupees per order from 20 rupees

** SMC Global Securities SMCG.NS drops 4.5%, the most among brokers, followed by Dolat Algotech's DOLA.NS 2.5% and Geojit Financial Services' GEOJ.NS 1.4% decline, respectively

(Reporting by Kashish Tandon in Bengaluru)

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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)

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By Jayshree P Upadhyay and Jaspreet Kalra

MUMBAI, July 19 (Reuters) - Indian airlines and some brokerages faced technical and operational disruptions on Friday amid a global IT outage, multiple traders and airlines said.

Several major oil and gas trading desks in London and Singapore were struggling to execute trades due to a cyber outage, six industry sources told Reuters. LSEG Group's LSEG.L Workspace news and data platform also suffered an outage, affecting user access worldwide.

"We are currently experiencing technical challenges with our service provider, affecting online services including booking, check-in, and manage booking functionalities," SpiceJet SPJT.BO said on social media platform X.

Indigo, Akasa Air, Vistara, Air India and Air India Express also posted messages on X saying they were facing issues.

New Delhi airport said it too faced some IT issues and some services were temporarily affected.

Among the brokerages in India, Nuvama Wealth Management NUVA.NS, Edelweiss Mutual Fund, Motilal Oswal, IIFL Securities IIFS.NS, 5Paisa Capital PAIS.NS and Angel Broking are facing technical difficulties, traders at the brokerages told Reuters.

None of the brokerages responded to emails seeking confirmation and comment.

India's interbank trading platforms were functioning, however, and banks said they were able to execute bonds and foreign exchange transactions without any issues.

A source at the country's central bank said they were aware of the global outage but their systems were functional.

Widespread outages affecting banks, telecom networks and media were reported in Australia, possibly linked to an issue at global cybersecurity firm Crowdstrike CRWD.O. Major U.S. airlines also issued ground stops citing communications issues.

Crowdstrike ran a recorded phone message on Friday saying it was aware of reports of crashes on Microsoft's MSFT.O Windows operating system relating to its Falcon sensor.

(Reporting by Jayshree P Upadhyay and Jaspreet Kalra; Writing by Swati Bhat; Editing by Tom Hogue)

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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

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BENGALURU, July 2 (Reuters) - Shares of Indian brokers fell on Tuesday, a day after India's markets regulators asked market institutions like exchanges to levy uniform charges on brokers that are not based on volumes.

Brokerages like Angel One ANGO.NS, 5Paisa Capital PAIS.NS, SMC Global Securities SMCG.NS and Motilal Oswal MOFS.NS fell between 6%-2% in early trade.

Exchange operator BSE BSEL.NS was down 1%.

Exchanges often charge a lower fee to brokers if they generate high volumes, contributing to a surge in trading across segments like derivatives, which the regulator wants to curb.

While retail customers are charged the standard slab rate, brokers were benefiting from a lower fee due to high turnover, Tejas Khoday, cofounder and CEO of FYERS, a discount broking firm said.

The exchange transaction charge revenue stream, which constitutes between 15%-30% of large brokers' revenues and more than 50% of discount brokers', is crucial for their sustainability, Khoday said.

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

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** 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)

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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

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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

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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

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** 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)

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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

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July 13 (Reuters) - 5Paisa Capital Ltd PAIS.NS:

• NARAYAN GANGADHAR DESIGNATED AS MD (EXECUTIVE)

Source text for Eikon: ID:nNSE2pSrR6

Further company coverage: PAIS.NS

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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

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

• INDIA'S 5PAISA CAPITAL MARCH-QUARTER CONSOL PROFIT 144.1 MILLION RUPEES VERSUS PROFIT 44 MILLION RUPEES

• 5PAISA CAPITAL MARCH-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 905.9 MILLION RUPEES VERSUS 882.6 MILLION RUPEES

• APPROVED ISSUANCE OF SECURED OR UNSECURED REDEEMABLE NON‐CONVERTIBLE DEBENTURES WORTH UP TO 2.5 BLN RUPEES

• APPROVED ISSUANCE OF NON‐CONVERTIBLE DEBENTURES ON ANNUAL BASIS THROUGH PRIVATE PLACEMENT BASIS

Source text for Eikon: ID:nBSE6Ph1rF

Further company coverage: PAIS.NS

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April 20 (Reuters) - 5Paisa Capital Ltd PAIS.NS:

• TO CONSIDER ISSUANCE OF SECURED OR UNSECURED REDEEMABLE NON‐CONVERTIBLE DEBENTURES

• TO CONSIDER ISSUANCE OF NON‐CONVERTIBLE DEBENTURES THROUGH PRIVATE PLACEMENT BASIS

Source text for Eikon: ID:nBSE9wCydZ

Further company coverage: PAIS.NS

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