Angel One shares in focus: Funding book at Rs 7,081 crore, client base jumps 18% in July

Angel One Ltd shares are in focus on Wednesday after the brokerage said its client base jumped 18.1 per cent year-on-year (YoY) to 3.90 crore in July compared with 3.30 crore in the year-ago month. The Dinesh Thakkar-led domestic brokerage said its average client funding book stood at Rs 7,081 crore for the quarter, up 39.4 per cent over Rs 5,079 crore in the same month last year. The funding book grew 4.4 per cent sequentially over Rs 6,783 crore in June, Angel One said.

The scrip was up nearly 0.9 per cent at Rs 302.60 in pre-open trade.

The broking firm said its retail turnover market share in the futures & options (F&O) segment, based on options premium turnover, stood at 22.2 per cent, up 6 basis points QoQ and 98 basis points YoY. Its cash turnover market share fell 143 basis points to 17.1 per cent against 18.6 per cent YoY. The cash market share though improved 25 basis points over 16.9 per cent in June. 
In the case of commodity turnover market share, Angel One said it fell 405 basis points or 1,573 basis points to 48 per cent for the month.

Angel One made 4.7 lakh gross client acquisition for the month against 4.5 lakh in June and 6.4 lakh in the year-ago month. Number of orders fell 3.8 per cent QoQ but rose 9.5 per cent YoY to 13.46 crore. Average daily order stood at 58.6 lakhs.