Angel One’s stock surged 13.45% to ₹3,089.30 on the NSE at 11:50 AM, following its robust Q2 earnings report. The company reported a 39.1% year-on-year increase in net profit to ₹423.4 crore, while revenue jumped 44.5% to ₹1,514.7 crore from ₹1,047.9 crore in the same quarter last year.
The company’s Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) increased by 51.5% to ₹671.9 crore, with an EBITDA margin expansion of 210 basis points to 44.4%. Additionally, Angel One’s total client base grew by 61% year-on-year to 27.5 million as of September 30, 2024, with an 11.2% sequential increase.
Here are the stock price details as of 11:50 AM:
- Open: ₹2,940.00
- High: ₹3,128.75
- Low: ₹2,866.00
- Previous Close: ₹2,723.05
- Volume: 1,03,96,602 shares
The strong earnings report and client base growth have driven high trading volumes and significant investor interest in the stock today.
Disclaimer: This information is for informational purposes only and should not be considered investment advice. Always seek independent financial advice before making any investment decisions.
