The shares of Angel One Limited were trading at ₹3,259.75 up by ₹38.05 or 1.18 per cent on the NSE today at noon.
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Angel One Limited reported robust client expansion and market performance in November 2024, with key highlights including a 56 per cent year-on-year increase in client base to 28.78 million customers.
The financial services firm experienced a moderate decline in trading metrics month-on-month, with the number of trading days dropping 18.2 per cent to 18 days and total orders decreasing 23.5 per cent to 130.96 million. However, the company maintained substantial growth compared to the previous year.
Notably, the average client funding book expanded significantly, rising 113.8 per cent year-on-year to ₹39.65 billion. Mutual fund Systematic Investment Plan (SIP) registrations also surged 130.9 per cent, reaching 650,990 unique registrations.
The company’s market share remained strong, particularly in commodities where it commanded 59.7 per cent of the turnover. In equity options, Angel One captured 19.8 per cent of the overall market share, representing a 265 basis point increase from November 2023.
These figures suggest continued expansion and investor confidence in Angel One’s platform, despite slight month-on-month fluctuations in trading activity.
The company plans to continue providing monthly business updates to keep investors and stakeholders informed about its performance.
- Also read: Data, AI, and customer-centricity: Navigating the redefinition of financial services in the digital era