Shares of Angel One fell 3% after the company reported a decline in gross client acquisition for the third straight month in March 2025. The brokerage added 4.7 lakh clients during the month, compared to 4.9 lakh in February, marking a 2.2% month-on-month decline and a steep 43.6% drop on a year-on-year basis.
The lower number of trading days in March, which stood at 19 compared to 20 in February, may have contributed to the slowdown. However, on a quarterly basis, the company acquired 3.10 crore clients, reflecting a 1.4% month-on-month growth and a 39.5% increase from the previous year.
Angel One witnessed a 2.8% monthly rise in the number of orders, reaching 10.2 crore. Despite this, the figure represents a 22.8% decline compared to the same period last year. Average daily orders rose 8.2% month-on-month to 53.7 lakh but were down 26.9% on a yearly basis.
The company’s overall average daily turnover surged to ₹36.38 lakh crore in the March quarter, the highest since November 2024, marking a 23% increase from ₹29.58 lakh crore in February.
Angel One’s market share in the equity and F&O segments fell by 60 basis points month-on-month, with equity market share at 19.1% and F&O at 21.5%. The commodity segment, however, showed resilience, improving to 57.9% from 55.4% in February.
Angel One’s stock opened at ₹2,428, reaching a high of ₹2,435 and a low of ₹2,372.40 during the session. The stock remains well below its 52-week high of ₹3,503.15 but above its 52-week low of ₹1,941.
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