Angel One reported a healthy 44 per cent year-on-year jump in its consolidated profit after tax at Rs 423.4 crore, in the September 2024 quarter.
Angel One's average daily orders (ADO) slipped 0.8 per cent to 7.64 million in the quarter ended September 30, 2024. It was also down 2.8 per cent from ADO of August 2024
Among individual stocks, 5Paisa declined 7.65 per cent, followed by IIFL Securities (down 4.76 per cent), Geojit Financial Services (down 3.32 per cent) and MOFSL (down 3.15 per cent).
Angel One has revised upwards its charges, while Zerodha has maintained the status quo on rates for now
The rise in Angel One share price came after the company announced that it will revise brokerage charges with effect from November 1, 2024
Angel One on Friday settled an alleged front-running case with capital markets regulator Sebi by paying Rs 21.64 lakh towards settlement charges. The settlement order came after Angel One had filed a settlement application on May 15, 2024, proposing to settle the instant proceeding "without admitting or denying the findings of fact and conclusions of law". "It is hereby ordered that the instant proceeding initiated against the Applicant, vide Show Cause Notice dated April 24, 2024, is disposed of," Sebi said. Sebi had undertaken an investigation to ascertain whether there was any violation of PFUTP (Prohibition of Fraudulent and Unfair Trade Practices) rules by certain entities during the period from January 2021 to October 2022, who were consistently placing orders ahead of the Big Clients, including Bharat Kanaiyalal Sheth Family Trust in the equity (cash) segment of NSE and were squaring off the same. The investigation revealed that Jitendra Kewalramani, who was the Authorised .
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The outlook for Indian capital market related businesses continues to remain positive over the medium to long term.
On the weekly chart, Patanjali has previously faced notable resistance near the Rs 1,700 level. However, despite challenging market conditions this week, the stock has experienced a significant break
The uptick came after Angel One announced a strong set of numbers in its July business update.
Brokerage Angel One on Wednesday announced a Rs 250 crore investment into its wealth management arm with an eye to capitalize on the growing affluence in the country. The capital will be deployed to develop core technological infrastructure, leveraging AI and analytics, expand presence in key markets and develop product strategies, as per an official statement. Angel One Wealth has three business verticals, including HNI (high net-worth individuals), UHNI (ultra HNI) and alternate assets, it said. "Through Angel One Wealth we aim to cater to an expansive spectrum of clients, by leveraging technology and staying at the forefront of innovation," Angel One's chairman and managing director Dinesh Thakkar said. It can be noted that some of its peers, including IIFL, already have successful wealth management arms. The Angel One statement said there has been a rapid increase in the HNI population in the country, and is pegged to grow 16 per cent every year to 16.5 lakh by 2027. The com
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Consolidated profit increased by 32.6% year-on-year to Rs 293 crore ($35.1 million) in the three months to June 30
Bulls continued their strong performance, extending their lead for the sixth consecutive week. Throughout the week, various sectors maintained optimism, while the benchmark index traded within a range
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Broking company stocks including Angel One, IIFL Securities, 5Paisa Capital, SMC Global, Motilal Oswal Financial Services and Geojit Financial Services fell in the range of 2-11 per cent