01-04-2023 11:44 AM | Source: Accord Fintech
Angel One surges on reporting 61% growth in client base in December 2022
News By Tags | #6943 #572

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Angel One is currently trading at Rs. 1348.00, up by 31.90 points or 2.42% from its previous closing of Rs. 1316.10 on the BSE.

The scrip opened at Rs. 1349.00 and has touched a high and low of Rs. 1366.25 and Rs. 1335.00 respectively. So far 29328 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2022.00 on 29-Apr-2022 and a 52 week low of Rs. 1065.85 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 1366.25 and Rs. 1287.00 respectively. The current market cap of the company is Rs. 11274.27 crore.

The promoters holding in the company stood at 43.71% while Institutions and Non-Institutions held 20.98% and 35.32% respectively.

Angel One has reported 60.7% growth in client base to 12.51 million in December 2022 as against 7.78 million recorded in December 2021. The company's client base rose by 2.6% month on month (MoM) from 12.19 million clients in November 2022. However, gross client acquisition fell 29% to 0.33 million in December 2022 as compared to 0.46 million in December 2021.

Its overall average daily turnover (ADTO) stood at Rs 16,39,900 crore in December 2022 as against Rs 7,03,000 crore in December 2021, i.e. up by 133.3%. Average daily turnover from F&O segment stood at Rs 16,06,500 crore, in December 2022. Cash segment’s ADTO was at Rs 3500 crore in same period and commodity segment’s average daily turnover stood at Rs 17600 crore in December 2022.

The company's retail turnover market share in overall equity segment stood at 21.8% in December 2022 as against 21.1% in November 2022 and 20.8% in December 2021. F&O market share stood at 21.8% in December 2022. The company's retail turnover market share in Cash segment and commodity segment stood at 12.7% and 52.7% 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’.