Angel One shares fall over 5% as company's gross client acquisition declines 17% YoY in Nov

Angel One shares fall over 5% as company's gross client acquisition declines 17% YoY in Nov

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26 Aug, 2025 12:21

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Angel One shares fell over 5% on December 3 as the company's gross client acquisition in November fell 17% year-on-year, even though its client base continued to grow.

The financial services company's gross client acquisitions declined nearly 17% year-on year to 500,000, but the client base increased almost 22% from the year-ago period to 35.08 million, as per an exchange filing.

The stock broker's number of orders dropped 10.4% YoY to 117.3 million in November, while average daily orders also fell 15.1% YoY to 6.2 million. Based on the option premium turnover, its overall average daily turnover for the month increased nearly 98% on year to Rs 1.87 lakh crore, but the average turnover from futures and options declined 5.4% to Rs 14,000 crore, according to the exchange filing.

Based on the option premium turnover, the company's overall retail equity market share increased by 18 basis points year-on-year to 20.3%, while its futures and options retail market share fell 46 bps to 21.5%. Its commodity turnover market share declined 719 bps to 52.5%, as per the filing.

"We delivered a historic high in our average client funding book, reflecting deepening engagement of clients with the product. Softer market conditions resulted in some moderation in our daily order run rate. Additionally, our October 2025 cash market share has been revised upwards, following a revision in the industry's retail turnover for the segment, subsequent to our publishing the October 2025 data," the company said in the filing.

At 9:55 am on December 3, Angel One shares on NSE were trading 5% lower at Rs 2,674 apiece, on course for their worst day since August. Shares of its biggest rival, the recently-listed Groww, were trading 1.5% lower at Rs 155.55 apiece.

Angel One was the top loser on the Nifty Capital Markets index on December 3, which was trading 1.2% lower at 4,689 in the morning trade.

The other losers on the sectoral index were CDSL, Nippon Life India Asset Management and Motilal Oswal Financial Services, which fell 1.5%-1.7%.