Angel One Ltd witnessed a remarkable surge in its shares, reaching a record high, propelled by an extraordinary 200% growth in client acquisition during the month of December 2023. The brokerage’s shares touched a year high of ₹3,749 on the Bombay Stock Exchange (BSE), marking a significant 7.68% increase from the previous close.
In a filing with the stock exchange, Angel One revealed that its client base experienced a staggering 55.5% year-on-year growth, reaching 1.94 crore in December 2023, compared to 1.25 crore in the corresponding period of the previous year. Sequentially, the client base expanded by 5.4% from 1.84 crore in November.
The brokerage added an impressive 10 lakh new clients in December, showcasing an exceptional 221.5% growth compared to 3.3 lakh in the same month the previous year. On a sequential basis, gross client acquisition surged by 53.6%, surpassing 6.8 lakh in November 2023.
Angel One witnessed a remarkable 59.2% year-on-year growth in the number of orders, reaching 13.72 crore in December 2023, despite having fewer trading days compared to December 2022, which had more trading days. In November 2022, the number of orders stood at 10.72 crore.
Average daily orders experienced a substantial 75.1% year-on-year increase, reaching 68.6 lakh in December, compared to 39.2 lakh in the same period the previous year. On a monthly basis, average daily orders rose by 28% from 53.6 lakh in November 2023.
In addition to the impressive client acquisition and order numbers, Angel One reported an astounding 1,988% expansion in unique Mutual Fund SIPs registrations in December, reaching 4,38,500 compared to 21,000 in the same month the previous year and a 55.6% growth compared to 2,81,900 in November 2023.
The Average Client Funding Book for Angel One rose by 33% to ₹1,838 crore in December, up from ₹1,375 crore in the year-ago month.
As of January 4, 10 a.m., Angel One shares were trading 4.41% higher at ₹3635.05 apiece, further highlighting the investor enthusiasm surrounding the brokerage’s outstanding performance.
