Angel One jumps on incorporating wholly owned subsidiary
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Angel One is currently trading at Rs. 2130.85, up by 61.45 points or 2.97% from its previous closing of Rs. 2069.40 on the BSE.
The scrip opened at Rs. 2069.40 and has touched a high and low of Rs. 2135.00 and Rs. 2051.60 respectively. So far 23620 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2135.00 on 11-Oct-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. 2135.00 and Rs. 1855.00 respectively. The current market cap of the company is Rs. 17869.32 crore.
The promoters holding in the company stood at 38.30%, while Institutions and Non-Institutions held 27.29% and 34.42% respectively.
Angel One has incorporated wholly owned subsidiary (WOS) company in the name of ‘Angel One Wealth Management’. The company has incorporated WOS on October 10, 2023.
The objective of incorporation is to carry on the business of providing all kind of distribution services, advisory services in investment, wealth management, insurance products (including life, general and health) and financial planning products in accordance with the applicable laws and to carry on the business of advising on investments in stocks, shares, securities, debentures, bonds, warrants, and providing Financial and investment advisory services, management and facilitation services etc.
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’.
