Angel One Surges 7% to Hit 52-Week High on Strong December Client Growth

4 Jan 2024 , 03:13 PM

Angel One’s stock surged over 7% to reach a 52-week high of Rs 3,750.00 on January 4.

The company reported a strong monthly update with a 5.4% increase in its client base, reaching 1.94 crore in December.

Gross client acquisition saw a significant 53.4% month-on-month surge to 10.5 lakh in December.Average daily orders rose by 28% from the preceding month to Rs 68.60 lakh in December.Overall average daily turnover jumped 22.3% month-on-month to Rs 42.01 lakh crore.

Average daily turnover for the futures and options segment increased by 22.4% to Rs 41.54 lakh crore.

Cash and commodity segments saw average daily turnover up by 44.3% and 3.6%, respectively. The company’s retail turnover market share in the equity segment expanded by 38 basis points to 27.1% in December.

The stock delivered over 175% returns in the past year, making it a multibagger.

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