06-10-2023 10:43 AM | Source: Accord Fintech
Angel One rises on reporting 48% growth in client base in September

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Angel One is currently trading at Rs. 2014.80, up by 26.50 points or 1.33% from its previous closing of Rs. 1988.30 on the BSE.

The scrip opened at Rs. 2000.05 and has touched a high and low of Rs. 2042.00 and Rs. 1961.05 respectively. So far 24182 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2,042.00 on 06-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. 2042.00 and Rs. 1826.20 respectively. The current market cap of the company is Rs. 16598.34 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 reported 47.6% growth in client base to 17.07 million in September 2023 as against 11.57 million recorded in September 2022. The company's client base rose by 4.4% month on month (MoM) from 16.36 million clients in September 2023. 

Its overall average daily turnover (ADTO) stood at Rs 3249300 crore in September 2023 as against to Rs 1373800 crore in September 2022, i.e. up by 136.5%. Average daily turnover from F&O segment stood at Rs 3202300 crore, in September 2023. Cash segment’s ADTO was at Rs 5300 crore in same period

The company's retail turnover market share in overall equity segment stood at 26.7% in September 2023 as against to 21.6% in September 2022 and 25.9% in August 2023. F&O market share stood at 26.7% in September 2023. The company's retail turnover market share in Cash segment and commodity segment stood at 14.7% and 56.3% 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’.