Zerodha’s valuation at Rs 30,000cr more reasonable: Nithin Kamath ...Middle East

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Zerodha’s valuation at Rs 30,000cr more reasonable: Nithin Kamath
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New Delhi: Zerodha Co-founder and CEO Nithin Kamath on Thursday said that Rs 30,000 crore is a much more reasonable valuation for his stock brokerage firm, instead of the Rs 1 lakh to Rs 2 lakh crore estimates people are talking about. In a post on X, he said it: “Might sound counterintuitive for me to say it, but most assumptions, I think, are way higher than reality… The quantum of profits is the luck of the draw and is based on market conditions.” “Stockbroking and capital market businesses are cyclical and high-risk. Almost every bull run in the markets creates the illusion that somehow participation and activity will keep going up forever.” Kamath said that given the uncertainties in t

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