Shares of Angel One Ltd dropped sharply by nearly 6% to ₹2,787.60 in Friday’s morning session (July 4), as the broking firm reported a significant drop in its average daily orders and gross client acquisition for June on a year-on-year (YoY) basis, despite a robust funding book and growing client base.
The company’s active client base rose 31.3% YoY to 3.24 crore, signaling continued retail participation. However, gross client acquisition fell 41.5% YoY to 5.5 lakh, although it was slightly higher than May’s 5 lakh.
Angel One’s average client funding book increased 55% YoY to ₹4,708 crore, suggesting increased margin activity and leverage by existing clients.
However, trading activity showed weakness:
-
Orders processed in June fell 31.6% YoY to 11.49 crore.
-
Average daily orders dropped 38.1% YoY to 54.7 lakh.
-
Notional average daily turnover (ADTO) slipped 23.5% YoY to ₹34.99 lakh crore, with F&O turnover down 24.6% YoY.
-
F&O premium turnover dropped 34.5% YoY, while option premium turnover rose 33.8% YoY to ₹1,10,200 crore, indicating growing retail interest in premium-based strategies.
The cash segment ADTO declined 19.5% YoY to ₹8,500 crore, while commodity turnover jumped 69.7% YoY to ₹89,000 crore, highlighting interest in diversified asset classes.
Angel One’s cash market share improved by 159 basis points to 18%, while its commodity market share slipped slightly by 127 bps to 58.3%.
Additionally, the platform saw strong momentum in mutual funds, registering 7.36 lakh new SIPs, up 27.8% YoY, indicating increasing investor preference for long-term investments.
The weak client acquisition and reduced order volumes weighed on investor sentiment, sending the stock lower by almost 6% from its previous close of ₹2,950.60.
