Angel One Share Price Soars 8% following an exceptional performance in the third quarter. The broking firm reports an impressive 55.5% year-on-year (YoY) surge in its client base, reaching 1.94 crore in the December quarter. This marks a significant milestone, with a sequential rise of 14% over the September quarter. The stock’s stellar performance adds to its already noteworthy gains of 22% in the last month and an astonishing 174% over the past year. Investors respond with enthusiasm as Angel One continues to solidify its position in the financial landscape.
Market Reaction:
The market responded exuberantly to this stellar performance, propelling Angel One’s stock to a remarkable 7.68% increase, hitting a high of Rs 3,749 on the BSE. This surge adds to the stock’s already impressive gains of 22% in the last month and a staggering 174% over the past year.
Financial Metrics:
In terms of value, the average daily turnover (ADTO) demonstrated an outstanding performance, standing at Rs 35,97,100 crore. This reflects an extraordinary 148.50% YoY surge over the same quarter last year, where it was at Rs 14,47,800 crore.
The breakdown of ADTO by segment showcased remarkable growth, with the average daily turnover in the F&O segment surging by an impressive 151.3% YoY, cash segment witnessing a robust 53.5% increase, and the commodity segment showing remarkable growth at 86.4% YoY.
Operational Highlights:
The number of orders executed in the quarter also experienced a substantial boost, rising by 54.7% YoY to an impressive 35 crore compared to 22.64 crore in the corresponding period last year. The average daily orders demonstrated an equally remarkable increase, reaching 58.4 lakh against 37.1 lakh YoY, marking a remarkable 57.3% YoY growth.
Gross client acquisition witnessed an extraordinary surge of 149% YoY, totaling 24.6 lakh in the December quarter. This is a significant leap from 21.2 lakh in the September quarter and 9.9 lakh in the same quarter last year.
Financial Health:
The average client funding book stood strong at Rs 1,859 crore in the December quarter, reflecting a robust 32.1% sequential growth over Rs 1,407 crore in the September quarter.
Market Sentiment:
Investors and market enthusiasts are buzzing with excitement as Angel One continues its impressive streak, delivering outstanding financial results and solidifying its position as a major player in the financial landscape. The company’s strategic moves and exceptional growth are capturing the attention of the investment community, making Angel One a standout success story in the current market scenario.
