The share price of brokerage firm Angel One zoomed by 331.94% in one year from ₹ 330 levels to ₹ 1420 levels today. The share price has increased by 5.09% today, as compared to its previous close and it gained 11.40% in the last 5 days. It has increased by 16.64% YTD (year to date, i.e., from January 01, 2022, to today).
It reported a net profit of ₹165.4 crores, a 125% YoY (year-on-year) growth. Its consolidated revenue from operations grew to ₹597.3 crores, 94.7% up from a year ago. In January this year, it board announced a third interim dividend of ₹7 per share.
Angel One (formerly known as Angel Broking) was originally incorporated on August 8, 1996, as a private limited company. Its client funding book grew by 77.8% YoY, at ₹ 1638 crores for February 2022 as compared to 0.29 million in February 2021. There was a 133.6% YoY increase in its client base at 8.76 million customers. Over the last year, the company recorded a 54% growth in its gross client acquisition.
Angel One Limited operates as a financial services company that is engaged in full-service retail broking. Some of its other services include advisory services, margin funding, loans against shares, and the distribution of financial products.
Peers
Shares of brokerage firm Motilal Oswal are up 4.52% today and they are trading at ₹846.00. The share price has decreased by 1.63% in the last 5 days. In the past month, the share price has decreased by 9.60%. The share gained 7.75% in six months and 27.67% in one year. In 2018, it was trading at ₹1500 levels.
Shares of ICICI Securities increased by 0.65% today and are currently trading at ₹ 603.00.
In the last five days, the share price has decreased by 3.84% from ₹ 627.10 and by 15.34% in the last month, from ₹712.25. Its 52-week high is ₹ 896.05. In the past year, it has gained 45.51% from ₹414.40.
Disclaimer
The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
