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News Topical, Digital Desk : This week, a brokerage company has grabbed the most headlines in the stock market. Shares of Emkay Global Financial Services have surged 72% in just one week, reaching an all-time high. Interestingly, veteran investor Dolly Khanna also holds a stake in this company. Recent large investments and strategic changes have fueled this stock's surge. Investors are now wondering: will this rally continue?

The stock of brokerage firm Emkay Global Financial Services has rocketed in recent days. Despite a weak market on Wednesday, it surged 8% intraday to a new all-time high of ₹409.90. The rally has continued for the past five trading sessions, and the stock has delivered a remarkable 72% return in a week. In comparison, the BSE Sensex has fallen 1.6% during the same period.

Interestingly, approximately 2.75 million equity shares were traded on the NSE and BSE, representing approximately 10.8% of the company's total equity. 

Dolly Khanna's stake: According to the shareholding pattern, as of June 30, 2025, veteran investor Dolly Khanna holds a 2.75% stake, or approximately 6.99 lakh shares, in the company. Dolly Khanna's name is often associated with stocks that have consistently delivered multi-bagger returns. 

Entry of a large investment: Emkay Global recently received a significant capital infusion. Kiran Doshi, through his family-controlled firm Antique Securities Pvt Ltd, has acquired a 21% stake in the company. Existing promoters Krishna Kumar Karwa and Prakash Kacholia have also made additional investments. The total funding of ₹227.5 crore strengthens the company's balance sheet and will support its growth plans. Doshi, who has over 40 years of capital markets experience, will provide strategic and operational strength to the company. Management says this capital will enable Emkay Global to further strengthen its equity research, investment banking, wealth management, and asset management services. 

ICRA's Opinion: Rating agency ICRA states that the company's revenue will remain dependent on capital market movements, but stability may come from the wealth/asset management and distribution businesses. A recovery in broking volumes and a pipeline of merchant banking deals could be key to future profitability. However, high cost structures and regulatory pressures will remain challenges for the company. Overall, Dolly Khanna's stake and the entry of new investors have given Emkay Global a boost. Investors are now watching to see how much more returns this stock generates in the coming months.


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