Angel One surges over 6% after strong May business update

So far this year, Angel One declined over 33 percent, underperforming 3 percent rise in the benchmark Nifty 50 index.

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26 Aug, 2025 12:21

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Shares of Angel One surged over 6 percent to Rs 2,406 per share on June 5 after the company shared strong monthly business update. The broking firm's client base increased significantly by 63.3 percent year-on-year (YoY) in May 2024 to 23.8 million from 14.5 million.

So far this year, Angel One declined over 33 percent, underperforming the 3 percent rise in the benchmark Nifty 50 index. Earlier, Angel One hit 52-week high of Rs 3,900 per share on January 9, 2024.

On a month-on-month (MoM) basis, the brokerage firm's client base grew by 3.7 percent in May 2024 from 22.99 million posted in April 2024. Meanwhile, gross client acquisition in May 2024 was 0.88 million, up 91 percent YoY and 16.9 percent from April 2024.

Angel One's average daily orders (ADO) reached Rs 7.56 million, increasing 11.6 percent MoM and 83.5 percent YoY.

Additionally, the company's cash market turnover share was 17.1 percent, up 75 basis points (bps) MoM and 377 bps YoY. In the commodity segment, its turnover market share was 57.2 percent, down 49 bps MoM but up 18 bps YoY.

ALSO READ: Buy Angel One; target of Rs 4200: Motilal Oswal

Angel One provides broking and advisory services, margin funding, loans against shares and distribution of third-party financial products to its clients.

In the January-March quarter, the company's consolidated net profit grew by 27 percent YoY to Rs 339 crore, while total income rose by 63 percent YoY to Rs 1,358 crore.

Analysts at Motilal Oswal shared a 'buy' rating on Angel One following its Q4 update. "The company is undertaking a change in its business model, wherein incrementally the focus will be on gaining market share in the cash segment, along with strong growth in distribution revenues, over the next 2-3 years. Growth in distribution segment will be driven by loans, insurance and few other products," they added.