Intraday spotlight: Angel One soars over 12 per cent with strong Q4 results

The company is a leading gainer in the A group.

Angel One Ltd, one of the leading stockbrokers in India, has jumped over 12.3 per cent from its previous close of Rs 1,625 with its strong Q4 numbers. The stock opened at Rs 1,763 and has made its day high of Rs 1,835 which is also its fresh 52-week high. As of 2:25 pm today, the stock was trading near Rs 1,813 on the BSE. It was today’s top gainer from the A group.      

When the markets are rebounding in the last couple of trading sessions, this top broker has rallied exceptionally. The company witnessed the best-ever numbers for Q4 FY22. For the quarter ended March, the company reported a high growth of 64.28 per cent in revenues and a jump of 100.8 per cent in net profit on a YoY basis. It witnessed the highest gross client addition as it crossed 90 lakh client mark. It had robust orders for the quarter as well leading to higher brokerage income.  

Angel One offers various financial services under one roof. Apart from broking, it also offers mutual funds, depository services and lending as an NBFC. The stock has a 52-week high and low of Rs 1,853.45 and Rs 338.65, respectively.