Angel One Ltd’s shares dropped nearly 4%, trading 3.11% lower at ₹3,124.15 on the NSE as of 9:48 AM, as investors booked profits following the stock’s 12% rally on Tuesday. The surge in the previous session was driven by better-than-expected Q2 results, which highlighted strong operational efficiency and a significant rise in profit.
On Tuesday, Angel One’s stock climbed by 10.65% to ₹3,011.65, cutting its year-to-date losses to 17%. The company reported a 39.14% year-on-year rise in profit, reaching ₹423 crore, surpassing estimates by 5%. The growth in the broking business was supported by a 23% increase in the F&O segment and a 52% rise in the cash segment.
Net interest income rose by 83% year-on-year to ₹2.8 billion, aligning with expectations, while the average client funding book reached ₹3,890 crore, up from ₹1,410 crore in the same period last year. Other income also grew by 57%, contributing to the strong quarterly performance. Despite today’s dip, analysts from MOFSL have maintained a ‘Buy’ rating on the stock.
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