Angel Broking hits 5 per cent upper circuit on giving a strong performance in May

During Friday’s trading session, the stock of Angel Broking Ltd has hit the upper circuit of 5 per cent and made a new 52-week high of Rs 834 per share. In the last one month, the stock of the company has risen by 95 per cent. 

The company's client base has jumped 140.4 per cent YoY in the month of May. Gross client acquisition increased by 298.2 per cent YoY in May. The company's average daily turnover is up by 778 per cent YoY in May.  

The stock of the company has increased by 204 per cent from the date of its listing. It was listed on BSE at Rs 275.85. Meanwhile, the stock today hit a record high of Rs 834.   

The company reported a net profit of Rs 43.29 crore in Q3FY21. In Q3FY20, it had registered a net profit of Rs 37.91 crore, which is an increase of 14.19 per cent. It also reported a total income of Rs 418.86 crore for Q4FY21, an increase of 109.81 per cent as against the total income of Rs 199.63 crore for Q4FY20.   

Angel Broking Ltd is a financial services company, providing broking & advisory services, margin funding, loans against shares, and financial products to its clients. It has a 52-week high and a 52-week low of Rs 834 and Rs 223, respectively.  

The stock today touched a 5 per cent upper circuit of Rs 834 per share on BSE. However, at the time of writing this i.e. at 1.09 pm, the share of the company was trading at Rs 824.85 per share, up by 3.85 per cent.