Angel One share price jumps over 7% to hit 52 week high as client base spikes in December

Angel One share price rallied over 7% to hit a fresh 52 week high in early trade on Thursday after the company reported a strong monthly business update. Angel One shares jumped as much as 7.68% to a new high of 3,749 apiece on the . The broking company reported a 5.4% monthly rise in its client base in December 2023 to 1.94 crore.

The growth in client base was 55.5% on a year on year (YoY) basis. Its gross client acquisition rose 53.6% MoM to 10.5 lakh in December. The number of orders during last month grew 28% to 13.72 crore from 10.72 crore in November. The average daily orders rose to 68.60 lakh from 53.56 lakh in the preceding month.

Additionally, the company’s overall average daily turnover increased 22.3% to 42.01 lakh crore from 34.36 lakh crore. The average daily turnover for the futures and options (F&O) segment jumped 22.4% to 41.54 lakh crore from 33.93 lakh crore, MoM. In the cash segment, the average daily turnover rose 44.3% MoM to 7,200 crore, while that in the commodity segment grew 3.6% to 33,400 crore The company’s retail turnover market share in the equity segment increased 38 basis points MoM to 27.1% in December.

Angel One share price has been on a sharp upmove as the stock has risen more than 21% in one month and 95% in three months. In the past one year period, Angel One shares have given over 171% returns. At 11:05 am, Angel One shares were trading 4.08% higher at 3,623.55 apiece on the BSE. Livemint tops charts as the fastest growing news website in the world to know more.

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