After the general election in the year 2019 the government came with majority of its own and the GDP growth become normal. But in March 2020 the Covid -19 Pandamic broke out and resulted in decline in the GDP. Once the Covid-19 Pandamic subsided and the world comes out with vaccine the GDP will improve.
(a) Industry Structure and Developments
After Covid-19 Broke out in March the market fell sharply. The market trends will be determined by various domestic and international factors like global market movements, Tension with China and Pakistan at borders, RBIs policy and visible improvement in corporate earnings of domestic firms.
(b) opportunities and threats
The company will be migrating all its clients to M/s. Motilal Oswal Financial Services Limited which will effect the financial position of the company. Company will be surrendering its NSE, BSE and CDSL membership in the year.
The company once surrenders its membership its Capital will become free and will evaluate other business opportunities.
(c) Segment-Wise or Product-Wise Performance
During the financial year ended March 31, 2020 the Company operated only in one segment of business viz, Share Broking.
(d) outlook
The secondary markets are expected to remain buoyant and the bull-run is expected to continue, a pre-requisite for revival of the primary markets.
(e) Internal Control Systems and their adequacy
In the opinion of your Directors, Internal Control Systems in the Company are adequate.
(f) Financial Performance
The financial performance during the year under review is given above.
(g) Human Resources/industrial Relations
The number of people employed has become 19 and the employer-employee relations have been cordial throughout the year.
(h) Risks and concerns
The company will migrated its clients to M/s. Motilal Oswal Financial Services Limited, the migration of business has risk of its own and the company has to look into other business avenues to deploy its capital.
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www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Copyright © IIFL Securities Ltd. All rights Reserved.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.