Angel One hits record high on trong client growth and robust trading activity

The average daily orders placed on the platform soared by 28% to Rs 68.60 lakh in December, highlighting increased engagement and trading activity from its growing user base.

Angel One, India’s leading retail broking house, witnessed a rise in December, with its stock scaling a fresh 52-week high on the back of a phenomenal client acquisition spree and robust growth in key metrics. The company’s shares surged over 7% to touch Rs 3,750 in opening trade on January 4th, reflecting investor confidence in its stellar performance.

Fueling this rally was a remarkable 5.4% month-on-month expansion in Angel One’s client base, bringing the total number of its customers to a staggering 1.94 crore by December-end. This translates to a 53.4% jump in gross client acquisition compared to the previous month, showcasing the company’s aggressive and successful customer onboarding strategy.

The average daily orders placed on the platform soared by 28% to Rs 68.60 lakh in December, highlighting increased engagement and trading activity from its growing user base. This robust engagement translated into a 22.3% month-on-month increase in the company’s overall average daily turnover, reaching an impressive Rs 42.01 lakh crore.

PAngel One’s average daily turnover in the F&O segment, which accounts for the lion’s share of its overall activity, jumped by 22.4% to Rs 41.54 lakh crore. This demonstrates the growing appetite for derivatives trading among its clientele and reinforces Angel One’s strong foothold in this lucrative space.

Even other segments like cash and commodity saw healthy growth, with their average daily turnovers rising by 44.3% and 3.6% respectively. This well-rounded performance across various segments underscores Angel One’s ability to cater to diverse investor needs and preferences.

Further solidifying its market dominance, Angel One’s retail turnover market share in the equity segment expanded by 38 basis points over the previous month to reach 27.1% in December. This remarkable ascent positions Angel One as a clear leader in the retail broking landscape, leaving its competitors in the dust.