Angle One zooms 17 per cent in just three days; gross client acquisition grew by 3.5 per cent!

The stock of Angel One has gained the limelight in the last couple of trading sessions. It gained a whopping 17 per cent from the lows of November 30. Moreover, on Thursday alone, the stock had gained nearly 9 per cent along with a jump in volume; so, let’s know what is fuelling the movement in the stock price. 

Angle One, formerly known as Angel Broking, shared its business updates recently, and here are some of the interesting insights from its monthly report.     

The number of trading days in the month of November stood at 19 as compared to October’s 20 trading sessions. Client bases (million) rose by 5.6 per cent on an MoM basis to 7.32 as compared to 6.93 in the month of October 2021. On a YoY basis, a growth of 146.2 per cent was registered in the client base.     

Gross client acquisition (million) grew by 3.5 per cent in the month of November to 0.45 while on a YoY basis, it jumped a staggering 193 per cent. The average client fund book (Rs in crore) stood at 15.49 in November, which dropped by 16.9 per cent on an MoM basis. The number of trades (million) dipped to 57.22 in November, a drop of 1.9 per cent on an MoM basis while on a YoY basis, it jumped 117.5 per cent.  

Average daily turnover (Rs in crore) barring cash segment, all other segments like F&O and commodity witnessed growth on an MoM basis, whereas cash segment dipped 20.7 per cent on an MoM basis. Overall, the average daily turnover jumped 9.3 per cent on an MoM basis in November.     

As per the report, the retail turnover market shares (per cent) in F&O and commodity grew by 35 bps & 211 bps, respectively, on an MoM basis whereas, the cash segment saw a dip of 66 bps on an MoM basis in November.