Shares of Angel One Ltd. fell by 1% after touching a day’s high of Rs 2,180.90 on 6th August, following the company’s report of a 65% jump in its client base during July compared to the previous year.

Its clientele surged by 64.8% to 25.79 million in July 2024 from 15.65 million last year. Compared to June 2024, the client base increased by 4.3% from 24.72 million.

Last month, the company’s gross client acquisitions surged by 85.7% year-over-year, reaching 1.14 million, up from 0.61 million the previous year. There was also a month-on-month increase of 21.4% from June’s 0.94 million.

Angel One’s average client funding book grew 216.4% year-over-year to Rs 37.32 billion in July 2024, up from Rs 11.8 billion last year, and increased 22.8% month-over-month.

In July 2024, the company reported a 57.1% increase in orders, reaching 171.32 million, up from 109.05 million the previous year.

The average daily orders were 7.79 million last month, a 50% year-over-year increase from 5.19 million in July 2023 but down 11.9% month-over-month from 8.84 million in June 2024.

The average daily turnover based on option premium turnover increased by 63.4% year-over-year to Rs 858 billion in July 2024, as against Rs 525 billion last year. It also rose by 4.2% from Rs 823 billion last month.

At 12:37 PM, the shares of Angel One Ltd. were trading 1.46% lower at Rs 2,090.30 on BSE.

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