Share India Securities Surges 41% in Three Days with Volumes

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Explosive rally in brokerage stocks led by Share India sparks speculation of a trend reversal

By S JHA

Mumbai, October 17, 2025 — Shares of Share India Securities Ltd. continued their powerful run this week, soaring 41% in just three sessions, with Friday’s trade alone witnessing a 13.14% jump on record volumes. The surge, which comes after a prolonged downtrend since February 2024, has brought the stock face-to-face with a major historical resistance zone, setting up a crucial test for the bulls.

Market analyst Philip Thomas noted that the “explosive two-day rally marks a potential trend reversal,” but cautioned that “the stock must decisively close above the horizontal resistance to confirm a sustained uptrend.”

The rally in Share India coincided with a broader uptick in brokerage stocks, with Angel One, IIFL Capital, Motilal Oswal, and Share India all registering notable gains this week. As investor Gurjot Ahluwalia commented on X (formerly Twitter), “Price action suggests weekly expiries are not going away soon.” Incidentally, brokerage firms are reportedly cashing windfall gains from the option trading boom in India.

Technically, momentum indicators show improving strength. The Relative Strength Index (RSI) is rising across multiple timeframes, and short-term EMAs have turned bullish on the daily chart. However, long-term moving averages have yet to confirm the trend, suggesting that the stock’s broader reversal remains in an early phase.

Adding to the buzz, Share India’s Finance Committee this week approved a ₹50 crore Non-Convertible Debenture (NCD) issue offering 10.5% annual interest, with monthly payouts and a 712-day tenure. The NCDs, backed by secured assets and promoter guarantees, will be listed on the BSE wholesale debt market segment.

In its response to a BSE query over the sharp price and volume movement, the company confirmed compliance with SEBI’s disclosure norms, stating that there is no undisclosed material information influencing the price action.

Fundamentally, the company’s June quarter performance was robust, with sales up 50% QoQ and profit after tax rising fourfold, according to SEBI-registered analyst Vibhor Varshney, who projected potential upside towards ₹250–₹300 levels if momentum sustains.

As of Friday’s close, Share India Securities traded at ₹202.11, giving it a market capitalization of ₹3,009.95 crore.

(Disclaimer: This article makes no recommendation for buy or sell of shares of any company)