Shares of Angel One Limited experienced a sharp surge of 13.83% today, driven by the company’s strong Q2 FY2024-25 results. The stock reached a high of ₹3,128.75, trading at ₹3,099.70 as of 12:28 PM on October 15, 2024. This represents a significant increase from its previous close of ₹2,723.05.
The company’s impressive performance in the second quarter has resulted in a notable market capitalization gain of ₹3,606.67 crore, taking the total market cap to ₹27,924.72 crore.
Key Trading Highlights:
- Previous Close: ₹2,723.05
- Current Price: ₹3,099.70 (+13.83%)
- 52-Week High: ₹3,896.00 (January 9, 2024)
- Traded Volume: 120.34 lakh shares
- Market Cap Gain: ₹3,606.67 crore
- Total Market Cap: ₹27,924.72 crore
Angel One’s strong Q2 performance continues to boost investor confidence, leading to increased buying activity in the stock. With its robust financials and expanding client base, the stock is expected to remain in focus in the coming sessions.
Key figures for the quarter ending September 30, 2024, include:
- Revenue from Operations: ₹1,514.71 crore, showing a 7.5% quarter-on-quarter (QoQ) growth and a 44% year-on-year (YoY) increase from ₹1,405.45 crore in the previous quarter.
- Net Profit: ₹423.38 crore, marking a 45% QoQ rise and a 40% YoY increase, up from ₹292.74 crore in Q1 FY25.
- Total Income: ₹1,515.96 crore, compared to ₹1,410.07 crore in the previous quarter.
- Earnings per Share (EPS): Basic EPS stood at ₹46.98, while diluted EPS was ₹46.15 for the quarter.
Additionally, the Board of Directors approved the re-classification of certain Promoter Group members to the ‘Public’ category, subject to shareholder approval. This decision is aimed at optimizing the company’s shareholder structure.
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