Angel One, India\u2019s leading retail broking house, witnessed a rise in December, with its stock scaling a fresh 52-week high on the back of a phenomenal client acquisition spree and robust growth in key metrics. The company\u2019s shares surged over 7% to touch Rs 3,750 in opening trade on January 4th, reflecting investor confidence in its stellar performance.<\/p>\n
Fueling this rally was a remarkable 5.4% month-on-month expansion in Angel One\u2019s client base, bringing the total number of its customers to a staggering 1.94 crore by December-end. This translates to a 53.4% jump in gross client acquisition compared to the previous month, showcasing the company\u2019s aggressive and successful customer onboarding strategy.<\/p>\n
The average daily orders placed on the platform soared by 28% to Rs 68.60 lakh in December, highlighting increased engagement and trading activity from its growing user base. This robust engagement translated into a 22.3% month-on-month increase in the company\u2019s overall average daily turnover, reaching an impressive Rs 42.01 lakh crore.<\/p>\n
PAngel One\u2019s average daily turnover in the F&O segment, which accounts for the lion\u2019s share of its overall activity, jumped by 22.4% to Rs 41.54 lakh crore. This demonstrates the growing appetite for derivatives trading among its clientele and reinforces Angel One\u2019s strong foothold in this lucrative space.<\/p>\n
Even other segments like cash and commodity saw healthy growth, with their average daily turnovers rising by 44.3% and 3.6% respectively. This well-rounded performance across various segments underscores Angel One\u2019s ability to cater to diverse investor needs and preferences.<\/p>\n
Further solidifying its market dominance, Angel One\u2019s retail turnover market share in the equity segment expanded by 38 basis points over the previous month to reach 27.1% in December. This remarkable ascent positions Angel One as a clear leader in the retail broking landscape, leaving its competitors in the dust.<\/p>\n","protected":false},"excerpt":{"rendered":"
The average daily orders placed on the platform soared by 28% to Rs 68.60 lakh in December, highlighting increased engagement and trading activity from its growing user base. <\/p>\n","protected":false},"author":403,"featured_media":7149,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[4614,4097,449,4137,4086],"class_list":["post-7148","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-india","tag-aisa","tag-bse","tag-india","tag-nse","tag-stock-market"],"reading_time":"2 min read","_links":{"self":[{"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/posts\/7148","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/users\/403"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/comments?post=7148"}],"version-history":[{"count":0,"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/posts\/7148\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/media\/7149"}],"wp:attachment":[{"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/media?parent=7148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/categories?post=7148"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/tags?post=7148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}