Angel One shares February data, says client base up 4.9% MoM

Angel One shares February data, says client base up 4.9% MoM

Angel One said its average client funding bood fell 9.5 per cent MoM to 2035 crore from Rs 2,249 crore in January but was up 56.7 per cent YoY over Rs 1,299 crore.

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Angel One shares February data, says client base up 4.9% MoMAngel One shares February data, says client base up 4.9% MoM
Amit Mudgill
  • Mar 4, 2024,
  • Updated Mar 4, 2024 8:48 AM IST

Angel One Ltd shares are in focus on Monday after the broking firm said its client based jumped 4.9 per cent month-on-month in February and 60.8 per cent on yearly basis. Client base stood at 2.14 crore at February end against 2.04 crore in January end and 1.33 crore at the end of February 2023, Angel One said.  

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Gross client acquisition for the month stood at 10.1 lakh, down 1.7 per cent  against 10.3 lakh in January but up 126.80 per cent YoY over 4.5 lakh in the same month last year.

Angel One said its average client funding bood fell 9.5 per cent MoM to 2035 crore from Rs 2,249 crore in January but was up 56.7 per cent YoY over Rs 1,299 crore. Number of orders doubled (106.8 per cent YoY) to 17.26 crore in February from 8.35 crore in the year-ago month. On MoM basis, number of orders rose 3.8 per cent over 16.63 crore in January.

Average daily orders came in at 82.2 lakh against 75.6 lakh in January and 41.7 lakh in the February 2023. Unique MF SIP registratuions stood at 4,80,530 against 4,85,490 in January, down 1 per cent.

Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.

Angel One Ltd shares are in focus on Monday after the broking firm said its client based jumped 4.9 per cent month-on-month in February and 60.8 per cent on yearly basis. Client base stood at 2.14 crore at February end against 2.04 crore in January end and 1.33 crore at the end of February 2023, Angel One said.  

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Gross client acquisition for the month stood at 10.1 lakh, down 1.7 per cent  against 10.3 lakh in January but up 126.80 per cent YoY over 4.5 lakh in the same month last year.

Angel One said its average client funding bood fell 9.5 per cent MoM to 2035 crore from Rs 2,249 crore in January but was up 56.7 per cent YoY over Rs 1,299 crore. Number of orders doubled (106.8 per cent YoY) to 17.26 crore in February from 8.35 crore in the year-ago month. On MoM basis, number of orders rose 3.8 per cent over 16.63 crore in January.

Average daily orders came in at 82.2 lakh against 75.6 lakh in January and 41.7 lakh in the February 2023. Unique MF SIP registratuions stood at 4,80,530 against 4,85,490 in January, down 1 per cent.

Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.

ABOUT THE AUTHOR

Amit Mudgill

A financial journalist with over 18 years of experience in print and digital media, I cover India's capital markets, focusing on stocks, IPOs, mutual funds, corporate earnings, and market trends. Currently with Business Today, I report on equities, corporate developments, fundraising activity, and the broader investment landscape, delivering timely, data-backed insights to investors and readers.

Previously, I worked with The Economic Times and Deccan Chronicle, covering business, markets, and corporate affairs. My experience spans breaking news, analysis, and long-form features, with a strong focus on financial markets and investment-related reporting.

I am on the go 24/7:  Saying 'Good Night' to Dow Jones and 'Good Morning' to Gift Nifty comes naturally. Ask me about data and you'll hear stories. Away from markets, I enjoy stargazing, astrophotography, reading about India's neighbourhood, and playing video games.

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