Multibagger Stock engaged in providing a wide range of financial services like stroke broking services and many more, jumped 7 percent in the day’s trade after it declared its monthly business update, with a jump in its client base by 55 percent jump.
At 11:42 a.m the shares of Angel One Limited were trading at Rs. 3,611.35, up 3.79 percent from its previous day’s close price of Rs. 3,479.40 and its market capitalization is Rs. 30,372 Crores. It has delivered multi-bagger returns of 171 percent in a year and 104 percent in the last six months.
Angel One Limited has declared its Monthly business update for the period December 2023 and it is as follows. Its client base increased by 55.5 percent YoY from 12.51 million in December 2022 to 19.45 million in December 2023 and 5.4 percent MoM from 18.45 million to 19.45 million.
The gross client acquisition grew by 221.5 percent YoY from 0.33 million to 1.05 million and it increased 53.6 percent MoM from 0.68 million to 1.05 million.
The number of orders increased by 59.2 percent YoY from 86.23 million to 137.24 million and 28 percent MoM from 107.21 million to 137.24 million.
The average daily orders increased by 75.1 percent from 3.92 million to 6.86 million and 28 percent from 5.36 million to 6.86 million. Its overall equity retail turnover market share increased by 532 bps YoY and 38 bps QoQ.
The company’s revenue from operations grew 31.01 percent from Rs. 2,291.11 Crores in FY22 to Rs. 3,001.59 Crores in FY23, accompanied by increasing profits of Rs. 624.81 Crores to Rs. 889.95 Crores.
The company reported a return on equity (ROE) of 48.45 percent and a return on capital employed (ROCE) of 44.3 percent, this indicates that the company is making very good returns on its equity and capital employed.
According to the latest shareholding data available for the September 2023 quarter, the company’s Promoters hold 38.26 percent stake, the Domestic Institutional Investors hold 10.41 percent, and the Foreign Institutional Investors (FII) hold 16.82 percent.
Angel One Limited is a diversified financial services company, it is primarily engaged in the business of stock, commodity and currency broking, institutional broking, providing margin trading facility, depository services, distribution of mutual funds, and many more.
Written by Bharath K.S
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