Angel One falls despite reporting 63% growth in client base during August 2024
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Angel One is currently trading at Rs. 2445.25, down by 63.05 points or 2.51% from its previous closing of Rs. 2508.30 on the BSE.
The scrip opened at Rs. 2531.00 and has touched a high and low of Rs. 2544.80 and Rs. 2440.05 respectively. So far 77271 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3900.35 on 09-Jan-2024 and a 52 week low of Rs. 1651.05 on 12-Sep-2023.
Last one week high and low of the scrip stood at Rs. 2627.90 and Rs. 2435.05 respectively. The current market cap of the company is Rs. 22127.22 crore.
The promoters holding in the company stood at 35.63%, while Institutions and Non-Institutions held 29.38% and 34.99% respectively.
Angel One has reported 62.9% growth in client base to 26.65 million in August 2024 as against 16.36 million recorded in August 2023. The company's client base rose by 3.3% month on month (MoM) from 25.79 million clients in July 2024.
Based on notional turnover, its overall average daily turnover (ADTO) stood at Rs 44,85,000 crore in August 2024 as against to Rs 28,41,100 crore in August 2023, i.e. up by 57.9%. Average daily turnover from F&O segment stood at Rs 44,14,800 crore, in August 2024. Based on option premium turnover, Cash segment’s ADTO was at Rs 9,600 crore in same period. Commodity’s ADTO stood at Rs 60,700 crore in August 2024.
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’.
