Angel One shares scale 52-week high as client base swells 5.4% in Dec

The stock has also been a multibagger, delivering over 175 percent returns in the past one year.

The stock of Angel One surged over 7 percent to hit a 52-week high of Rs 3,750.00 in opening trade on January 4 after the company posted a robust monthly update with a 5.4 percent monthly increase in its client base in December.

The broking company's client base stood at 1.94 crore in December and its gross client acquisition surged 53.4 percent on-month to 10.5 lakh in December.

In addition, the average daily orders rose 28 percent from the preceding month to Rs 68.60 lakh in December.

At 9.32am, shares of Angel One were trading at Rs 3,725.95 on the NSE. The stock has also been a multibagger, delivering over 175 percent returns in the past one year.

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The broking company's overall average daily turnover jumped 22.3 percent on-month to Rs 42.01 lakh crore. The average daily turnover for the futures and options segment which comprises the biggest chunk also increased 22.4 percent to Rs 41.54 lakh crore.

For other segments like cash and commodity, the average daily turnover was up 44.3 percent and 3.6 percent.

The company's retail turnover market share in the equity segment also expanded 38 basis points over the previous month to 27.1 percent in December.