Shares of this brokerage firm were buzzing on the bourses after releasing its quarterly earnings report

Net income of the company increased by 59.14 per cent to Rs 213.56 crore.

From its previous closing price of Rs 1587.75 on the BSE, shares of Angel One have risen by 57.45 points, or 3.62 per cent, to its current price of Rs. 1645.20. The stock opened at Rs 1640.05 and has since fluctuated between Rs 1673.00 and Rs 1621.25. There have been 166288 share transactions so far. 

On April 29, 2022, the price of a share of this BSE group 'A' stock with a face value of Rs 10 was as high as Rs 1949.20. Currently, the total value of the company on the stock market is Rs 13707.58 crore. 

The results for Angel One's second quarter, which ended on September 30, 2022, have been released. A 60.11 per cent increase from Rs 132.47 crore to Rs 212.10 crore was reported for the company's net profit during the period under review. The company's total revenue for Q2FY23 was Rs 742.01 crore, up 39.56 per cent from the same period last year, when it was Rs 531.67 crore.  

Angel One Ltd is a diversified financial services firm that specialises in stock, commodity, and currency broking as well as institutional broking, margin trading facility provision, depository services, distribution of mutual funds, lending as a non-bank financial company (NBFC), and corporate agents of insurance companies. 

As of September 2021, the company has a total client base of 65 lakh clients. It has an active client base of 38 per cent of total clients compared to 34.3 per cent of the industrial average.

Promoter holdings amounted to 43.83 per cent, while institutional holdings were 19.46 per cent and non-institutional holdings were 36.70 per cent.