Financial Daily from THE HINDU group of publications
Monday, Dec 12, 2005
Financial Daily from THE HINDU group of publications Monday, Dec 12, 2005 |
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Markets
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Financial Services Karvy opens new trading hall in Vizag Our Bureau
Visakhapatnam , Dec. 11 KARVY Stock Broking Ltd is expanding its branch network aggressively and by the end of the financial year it aims to have 550 branches, according to Mr T.S. Harihar, the head, Derivatives. He was speaking to the press here on Sunday after the opening of a new trading hall in the Karvy office here. "We have at present 448 branches across the country and by the end of March, 2005, we want to touch the 550 mark and by the end of next financial year 750," he said. The company has 90 branches in AP. He said that though the sensex had touched the 9,000-mark the market was by no means overheated. "By March, it may touch the 10,000-mark. The fundamentals are good. We expect the next quarter results to be good. So we continue to be bullish," he said.
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