For the fourth quarter ended March 31st 2019, ICICI Securities reported a 19% fall in profits to Rs.121 crore. The total revenues also fell by 17% in the fourth quarter to Rs.428 crore. The stock has corrected substantially since its IPO and it may take a real effort for the price to get back to the IPO price level. Unlike other brokerages that forayed into fund based services, ICICI Securities remains a pure brokerage house with a large focus on its retail broking and distribution business under the banner of ICICI Direct. This segment is facing tremendous pressure from the discount brokers and the low-cost business models. You will have to take a call based on whether you are willing to take the loss. But, it will surely take a good amount of time before the stock can retrace its IPO price levels.