Shares of Angel One Limited surged by 2.88%, trading at ₹2,635.35 as of 9:44 AM. The stock opened at ₹2,602.05, reaching a high of ₹2,648.20 and a low of ₹2,582.45 in the early trading session, compared to the previous close of ₹2,561.70.
The positive movement comes after Angel One announced revisions to its pricing structure, including changes to Securities Transaction Tax (STT), regulatory charges, exchange transaction fees, and brokerage rates. The new charges, effective from 1 October 2024 for regulatory pricing and 1 November 2024 for commercial pricing, are part of the company’s effort to ensure better risk management and financial stability in line with SEBI’s margin rules.
Key highlights of the pricing revisions include:
- Securities Transaction Tax (STT) Increase:
- Sale of futures in securities: Revised to 0.02% from 0.0125%.
- Sale of options in securities: Revised to 0.1% of the premium from 0.0625%.
- IPFT and Exchange Transaction Charges:
- NSE, MCX, and NCDEX have revised transaction fees for equities, futures, and options across multiple segments.
- Margin Requirements:
- As per SEBI Margin Rules, a minimum of 50% of the total margin is required in cash or cash equivalents, with the remainder in pledged securities or other equivalents. Interest on cash margin shortfalls exceeding ₹50,000 will be charged at 12.5% per annum.
- Brokerage Charges:
- A flat ₹20 or 0.1% + GST (whichever is lower) will be levied per executed order for equity delivery, effective from 1 November 2024.
The announcement appears to have been received positively by investors, leading to increased trading activity and a boost in Angel One’s stock price. With the company’s focus on transparent and efficient service, the changes are expected to streamline operations while aligning with regulatory requirements.
Disclaimer: This article is for informational purposes only and should not be construed as investment advice. Please consult with a financial expert before making any investment decisions.
