Angel One CMD Dinesh Thakkar outlines how the company reached the No 3 spot in active clients, the structural changes shaping India's broking landscape, and why he foresees another wave of growth
Groww IPO in focus: Technical charts suggest that 5Paisa, Angel One and Motilal Oswal were trading with a negative bias and could drop up to 18%; whereas Nuvama can potentially rally up to 13%.
Angel One has shed 33% from its June high, and the stock has seen formation of 'Death Cross' on the daily chart in recent days; thus signalling likely further weakness at the counter.
MCX share price rallied 5.6% on the NSE to hit an intraday high of ₹7,805 per share. Those of Anand Rathi Wealth, meanwhile, climbed 5.2% , and BSE share price 4.8% today
Export-oriented stocks, analysts said, can underperform in the near-term. Investor sentiment till trade talks turn positive from here is expected to remain cautious, they suggest
Angel One and LivWell announce a joint venture to set up a digital-first life insurance firm in India with Rs 4 bn capital, aiming to improve access and affordability
Meanwhile, brokerage-related shares such as Nuvama, Motilal Oswal, Angel One and IIFL Capital look favourably placed on charts, and can potentially rally up to 19% from current levels.
In the past two years, Groww has nearly tripled its active client base, while Angel One's growth has slowed, highlighting diverging strategies and investor preferences