Following the release of its quarterly results report, shares of this brokerage firm have been getting a lot of attention
Angel One's net income rose by 59.14% in the last quarter, reaching Rs 213.56 crore.
Angel One has gained 57.45 points, or 3.62%, from its previous BSE closing price of Rs. 1587.75 to its current price of Rs 1645.20. Shares have traded between Rs 1673.00 and Rs 1621.25 since opening at Rs 1640.05. In total, 166288 shares have changed hands.
The price of a share of this BSE group 'A' stock with a face value of Rs 10 reached an all-time high of Rs 1949.20 on April 29, 2022. The current market value of the company's stock is Rs 13707.58 crore.
The results for Angel One's second quarter, which ended on September 30, 2022, have been released. The net profit for the period under review increased by 60.11%, from Rs 132.47 crore to Rs 212.10 crore. Quarter two FY23 revenue for the company was Rs 742.01 crore, up 39.56% from Rs 531.67 crore in Q2FY22.
Angel One Ltd is a financial services firm that specialises in a wide range of areas, including stock, commodity, and currency brokerage; institutional broking; margin trading facility provision; depository services; distribution of mutual funds; lending as a non-bank financial company (NBFC); and corporate agents of insurance companies.
There are 65 million customers in the company's database as of September 2021. Whereas the industry average is 34.3%, it has an active client base of 38.2%.
The promoters owned 43.83% of the company, while institutions owned 19.46% and individual investors owned 36.70%.
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