Why do traditional brokerage like ICICI, Sharekhan etc release their research reports publicly? Aren’t they meant for their clients only? They’re being charged higher brokerage in the name of these reports only.
They release the reports so that they can get more business, get new clients. A person who has some knowledge or no knowledge, who wants to invest in the market, reads these reports and gets an idea about brokerage houses’ business acumen, and may want to invest with them. Also, if such publicly provided insights, analysis is good, they surely must have got something more which they are not disclosing. So it is for business.