Shares of Angel One Limited drew attention as the company reported key growth metrics for October 2024. The client base expanded to 28.06 million, marking a 2.1% month-on-month (MoM) increase and a substantial 57.8% rise year-on-year (YoY). Additionally, the number of orders reached 171.26 million, reflecting a 9.3% MoM growth and a notable 61.7% YoY jump.
However, gross client acquisition witnessed a decline, falling 25.9% MoM and 3% YoY to 0.70 million. Despite the dip in acquisitions, Angel One’s growth in active clients and order volumes suggests sustained interest and engagement among its existing user base.
As of 1:23 pm, Angel One shares were trading marginally higher at ₹2,887.25 on the NSE, registering a 0.0042% gain.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. The author or Business Upturn is not liable for any losses arising from the use of this information.
