Angel One shines on reporting 55% growth in client base in December
Angel One is currently trading at Rs. 3614.05, up by 132.45 points or 3.80% from its previous closing of Rs. 3481.60 on the BSE.
The scrip opened at Rs. 3592.30 and has touched a high and low of Rs. 3749.00 and Rs. 3549.55 respectively. So far 34141 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3,749.00 on 04-Jan-2024 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. 3749.00 and Rs. 3375.75 respectively. The current market cap of the company is Rs. 30326.26 crore.
The promoters holding in the company stood at 38.26%, while Institutions and Non-Institutions held 27.23% and 34.51% respectively.
Angel One has reported 55.5% growth in client base to 19.45 million in December 2023 as against 12.51 million recorded in December 2022. The company's client base rose by 5.4% month on month (MoM) from 18.45 million clients in November 2023.
Its overall average daily turnover (ADTO) stood at Rs 42,01,400 crore in December 2023 as against to Rs 16,39,900 crore in December 2022, i.e. up by 156.2%. Average daily turnover from F&O segment stood at Rs 41,53,900 crore, in December 2023. Cash segment’s ADTO was at Rs 7200 crore in same period.
The company's retail turnover market share in overall equity segment stood at 27.1% in December 2023 as against to 21.8% in December 2022 and 26.7% in November 2023. F&O market share stood at 27.2% in December 2023. The company's retail turnover market share in Cash segment and commodity segment stood at 14.9% and 60.2% 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’.