Angel One shares in focus after client acquisition drops but market share rises in April

Angel One shares in focus after client acquisition drops but market share rises in April


Shares of Angel One Ltd. are in focus on Wednesday, May 6, after the company reported its business update for the month of April.

Angel One’s gross client acquisition of 0.46 million in April was down 9.1% from the previous month’s 0.51 million and 6.2% from last year’s 0.49 million.

Its client base in April was at 37.79 million, up 1.1% from the previous month’s 37.39 million and up 20% from last year’s 31.49 million.

Angel One’s number of orders declined 3% from the previous month but were up 27.3% from the previous year at 135.75 million.

Its average daily orders of 6.79 million in April were down 7.9% from the prior month’s 7.37 million but were up 21% from the 5.61 million in the year-ago period.

Its average daily turnover (ADTO) on a notional basis was up 16.6% from the previous month and up 130.5% from the previous year at 2.45 lakh crore. Its ADTO in the futures and options segment declined 9.8% from the previous month but was up 24% from the previous year at ₹16,600 crore.

Retail turnover market share was at 20.5%, up 75 basis points from the previous month and 89 basis points from the year-ago period. Its retail turnover market share in the F&O segment was at 22.3%, rising 63 basis points from the previous month and 169 basis points from the previous year.

Angel One’s cash turnover market share was at 17.9% up 193 basis points from the prior month but down 2 basis points from the previous year. Its commodity turnover market share declined 46 basis points from the previous month but increased 61 basis points from the previous year at 56.7%.

It must be noted that April had fewer trading sessions due to multiple market holidays.

Shares of Angel One ended the previous session 2.05% up at ₹314 apiece. The stock has increased 27.6% in the past month.

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