Angel One shares jumped nearly 7 percent on February 5 after the brokerage released its January business update. At 11.27 am, the shares were trading at Rs 2,503 per share.
The company announced in its business update that its client base has grown 48 percent year-on-year to 3.01 crore in January 2025. This also reflects a 2 per cent growth from the 2.95 crore client base recorded in December 2024.
Meanwhile, its average client funding book grew 87 per cent year-on-year to Rs 4,199 crore. This is 3 percent higher than the average client funding book of Rs 4,072 crore recorded last month.
However, Angel One’s order number declined on a year-on-year basis. The brokerage recorded 12.596 crore orders in January 2025, down by nearly 24 percent from the 16.64 crore orders recorded in January 2024.
Compared to the previous month, total orders grew by over 5 percent from 11.95 crore. The brokerage’s average daily orders also fell by nearly 28 percent year-on-year to 54.8 lakh in January 2025 from 75.6 lakh in January 2024.
Meanwhile, Angel One’s total average daily turnover declined by nearly 30 per cent on a nominal basis to Rs 30.82 lakh crore. Its daily turnover for the futures and options segments declined by 31 percent year-on-year to Rs 30.10 lakh crore.
The brokerage also witnessed a healthy 58 percent year-on-year growth in unique mutual fund SIP registrations from 7.658 lakh in January.
However, it has declined 12 percent since December, when it recorded 8.72 lakh unique mutual fund SIP registrations.
The stock has rallied over 7 percent so far in the last 5 days. It is currently trading 23 percent higher than its 52-week low of Rs 2,027 per share. However, the stock is still down nearly 29 percent from its 52-week high of Rs 3,503 per share.