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Business News/ Markets / Stock Markets/  Angel One share price spikes over 10% to 52-week high on upbeat monthly business update
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Angel One share price spikes over 10% to 52-week high on upbeat monthly business update

Angel One reported a 51.3% YoY increase in its client base at 1.85 crore in November 2023 from 1.22 crore in the same month last year. The growth in client base was 3.8% from October 2023.

Angel One’s average daily turnover (ADTO) jumped by 164.9% to ₹34.36 lakh crore from ₹ ₹12.97 lakh crore, YoY, while it rose by 9% MoM from ₹31.53 lakh crore.Premium
Angel One’s average daily turnover (ADTO) jumped by 164.9% to 34.36 lakh crore from 12.97 lakh crore, YoY, while it rose by 9% MoM from 31.53 lakh crore.

Angel One share price spiked over 10% to hit a 52-week high on Wednesday after the stock broking company posted an upbeat monthly business update registering a sharp 51% year-on-year (YoY) rise in its client base during November. Angel One shares rallied as much as 10.33% to a fresh 52-week high of 3,246.00 apiece on the BSE.

In a regulatory filing, Angel One reported a 51.3% YoY increase in its client base at 1.85 crore in November 2023 from 1.22 crore in the same month last year. The growth in client base was 3.8% from October 2023.

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The number of orders during the month also increased 51.4% YoY to 10.72 crore in November. On a month-on-month (MoM) basis, the number of orders grew 1.2%.

Angel One’s average daily turnover (ADTO) jumped by 164.9% to 34.36 lakh crore from 12.97 lakh crore, YoY, while it rose by 9% MoM from 31.53 lakh crore.

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F&O segment’s ADTO growth in November was 169.3% YoY and 9.2% MoM at 33.94 lakh crore. Cash segment’s average daily turnover rose 33.2% YoY to 5,000 crore.

The average daily turnover of the commodity segment increased 70.4% to 32,300 crore. However, it dropped 9% from October 2023.

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Meanwhile, the brokerage firm's average client funding book in November grew 43.5% YoY to 1,855 crore. It declined 1.6% from the previous month.

Angel One shares have been on a strong bullish trend as the stock has risen more than 73% in the past three months. The stock is up over 141% year-to-date (YTD).

At 12:40 am, Angel One shares were trading 7.47% higher at 3,162.00 apiece on the BSE.

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Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions.

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Published: 06 Dec 2023, 12:42 PM IST
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