Powered by: Motilal Oswal
07-05-2023 03:09 PM | Source: Accord Fintech
Angel One surges on reporting 45% growth in client base in June
News By Tags | #6943 #928 #580 #572 #4341

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

Angel One is currently trading at Rs. 1791.45, up by 17.15 points or 0.97% from its previous closing of Rs. 1774.30 on the BSE.

The scrip opened at Rs. 1790.00 and has touched a high and low of Rs. 1801.00 and Rs. 1763.30 respectively. So far 11914 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1801.00 on 05-Jul-2023 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. 1801.00 and Rs. 1697.20 respectively. The current market cap of the company is Rs. 15041.81 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 44.7% growth in client base to 15.06 million in June 2023 as against 10.41 million recorded in June 2022. The company's client base rose by 3.2% month on month (MoM) from 14.59 million clients in May 2023. 

Its overall average daily turnover (ADTO) stood at Rs 2405100 crore in June 2023 as against to Rs 976500 crore in June 2022, i.e. up by 146.3%. Average daily turnover from F&O segment stood at Rs 2363300 crore, in June 2023. Cash segment’s ADTO was at Rs 3700 crore in same period.

The company's retail turnover market share in overall equity segment stood at 25.8% in June 2023 as against to 21.2% in June 2022 and 23.9% in May 2023. F&O market share stood at 25.8% in June 2023. The company's retail turnover market share in Cash segment and commodity segment stood at 13.8% and 57.9% 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’.