Angel One zooms 10%, strikes record high up on strong biz efficiency in November

Shares of Angel One struck a fresh record high of Rs 3,246 each on the BSE, advancing 10.3 percent in Wednesday’s intraday trade, after the stock broker shared a robust service efficiency for November. Angel One’s customer base grew 51.3 percent year-on-year (Y-o-Y) to 18.45 million from 12.19 million. On a month-on-month (M-o-M) basis, it was a boost of 3.8 percent from 17.78 million customers in October. Even more, its gross customer acquisition more-than-doubled to 0.68 million, up 113.7 percent Y-o-Y development over 0.32 million. At 2:24 PM, Angel One as judgment 8 percent greater at Rs 3,184.35 per share as versus a 0.54 percent increase in the benchmark S&P BSE Sensex. A combined 2.94 million shares have actually altered hands on the BSE and NSE till the time of writing of this report. Angel One stated its variety of orders increased to 107.2 million, up 51.4 percent Y-o-Y and 1.2 percent M-o-M with typical day-to-day order standing at 5.36 million (up 59 percent Y-o-Y). The variety of distinct shared fund SIPs signed up on Angel One, on the other hand, skyrocketed 1,383.7 percent Y-o-Y to 281,000 from 19,000, and 20.1 percent M-o-M from 234,800. Angel One’s typical everyday turnover (ADTO) leapt 165 percent Y-o-Y to Rs 3.44 trillion from Rs 1.30 trillion, and 9 percent M-o-M from Rs 3.15 trillion. F&O turnover increased 169.3 percent Y-o-Y/9.2 percent M-o-M (Rs 3.39 trillion), Cash 33.2 percent Y-o-Y/12.3 percent M-o-M (Rs 5,000 crore), and Commodity 70.4 percent Y-o-Y/down 9 percent M-o-M to Rs 32,300 crore. Stock exchange intermediaries are recipients of increasing financialisation of cost savings in th
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