Business Standard

Angel Broking surges 17% on highest-ever quarterly profit in Q2

The company said it has witnessed strong net addition in client base which has grown by 59 per cent QoQ to 539,567 clients in Q2FY21

Angel Broking launches ARQ, a wealth management engine for retail investors
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SI Reporter Mumbai
Shares of Angel Broking rallied 17 per cent to Rs 290 on the BSE on Tuesday after the company reported highest-ever quarterly profit after tax at Rs 74.6 crore in the September quarter (Q2FY21). It had posted profit of Rs 48.3 crore in June quarter (Q1FY21).

The broking firm announced its maiden quarterly results after listing its shares earlier this month. Angel Broking had made a weak debut at the bourses on October 5, 2020. It listed at Rs 275, a 10 per cent discount against the issue price of Rs 306 per share on the BSE. The stock

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