05-05-2023 11:53 AM | Source: Accord Fintech
Angel One rises on reporting 47% growth in client base in April
News By Tags | #6943 #572

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

https://t.me/InvestmentGuruIndiacom

Download Telegram App before Joining the Channel

Angel One is currently trading at Rs. 1224.60, up by 2.30 points or 0.19% from its previous closing of Rs. 1222.30 on the BSE.

The scrip opened at Rs. 1221.00 and has touched a high and low of Rs. 1229.00 and Rs. 1217.35 respectively. So far 1370 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1745.00 on 05-May-2022 and a 52 week low of Rs. 1000.00 on 01-Mar-2023.

Last one week high and low of the scrip stood at Rs. 1242.75 and Rs. 1206.05 respectively. The current market cap of the company is Rs. 10248.67 crore.

The promoters holding in the company stood at 38.48%, while Institutions and Non-Institutions held 26.34% and 35.17% respectively.

Angel One has reported 46.6% growth in client base to 1.41 crore in April 2023 as against 0.96 crore recorded in April 2022. The company's client base rose by 2.6% month on month (MoM) from 1.38 crore clients in March 2023. 

Its overall average daily turnover (ADTO) stood at Rs 2197800 crore in April 2023 as against to Rs 947800 crore in April 2022, i.e. up by 131.9%. Average daily turnover from F&O segment stood at Rs 2163900 crore, in April 2023. Cash segment’s ADTO was at Rs 2800 crore in same period.

The company's retail turnover market share in overall equity segment stood at 23.8% in April 2023 as against to 21.3% in April 2022 and 23.8% in March 2023. F&O market share stood at 23.8% in April 2023. The company's retail turnover market share in Cash segment and commodity segment stood at 12.8% and 55.4% respectively in the same month.

Angel One is a technology-led financial services company providing broking and advisory services, margin funding, loans against shares (through one of its Subsidiaries, AFPL) and financial products distribution to its clients under the brand ‘Angel Broking’.