Upstox’s active user base stands at 5 million, while Zerodha’s is at 6.2 million of its total 9 million users
Wealth management platform Fisdom is entering online stockbroking, dominated by the likes of Zerodha, Groww, Upstox and Angel Broking. It hopes to gain a million customers in a year, benefiting from the segment’s rapid growth.
The stock has gained because of a significant increase in new investors, lower brokerage charges, and a focus on artificial intelligence and machine learning to drive business
At the current market price, ICICI securities is trading at a 20% valuation discount to Angel Broking. This indicates that market is considering ICICI securities as just a broker and assigning no value to its large and profitable distribution franchise. Among new-age brokers, Angel has seen exponential growth in profits in recent years. Its quarterly profit has increased from mere Rs 6 crore in Q1FY20 to Rs 48 crore in Q1 FY21 and improved further to Rs 121 crore in Q1 FY22. Find out which stock MC Pro is betting on
The outbreak of the pandemic has brought about a significant change in the pecking order in the broking industry
The board, in its meeting held on July 15 approved the change of name of the company from 'Angel Broking Limited' to 'Angel One Limited' or Angel One Fintech Limited' or any other name as may be approved by the Central Registration Center of Ministry of Corporate Affairs.
On the back of a record over 56 per cent rally in stock prices in the second half of 2020 after the massive rout in the first half due to the pandemic, tens of millions have entered the equities market. This was reflected in the latest BSE data which shows investors on its platform crossed 70 million milestone earlier this month.
Q4FY21 was an all in all good result season and companies have posted good sales growth and even some sectors like metals have posted turnaround results in the last 2-3 quarters, said Gupta.
New investors entering the market and high participation by people from smaller towns has made the broking business very exciting for Angel Broking’s MD Dinesh Thakkar. He also supports regulatory moves on overleveraging and expects machine learning and artificial intelligence to replace human intervention to some extent.
You can empower your mother with a financially fit future by investing in equities on her behalf. Taking everything a notch above, you can even teach her how to invest.
With its deceptive moves, the market is keeping traders on the edge. Can the famous saying ‘Sell in May and Go away' be true this time? Read on to know Sameet Chavan's views and his top bets right now
For Nifty, the immediate resistance zone can be seen around 14,575 – 14,650. A sustainable move beyond 14,650 would negate the possibility of further correction and resume the upward march.
The appointment of Gangadhar at the helm of executive operations at Angel Broking comes days after the tragic demise of company's incumbent CEO Vinay Agrawal.
Many people come and go in our lives but there are few who create an everlasting impression on us. Vinay Agrawal was one such personality, says Bhamre.
If the current coronavirus spread is not contained in coming weeks, it could affect the corporate sector and ultimately the markets, says Angel Broking's Head Advisory Aamar Deo Singh
A Chartered Accountant by profession, Agrawal possessed 20 years of experience spanning across the Banking, Financial Services and Insurance (BFSI) domain.
The company's board is meeting on April 22 to consider and approve the third interim dividend for the financial year 2020-21.
Angel Broking has come out with its report on Nazara Technologies. The research firm has recommended to ''Subscribe'' the ipo in its research report as on March 16, 2021.