Page 6 - Angel One

Brokerage firm Angel One invests Rs 250 cr in wealth management arm

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

BSE, 5Paisa, Angel ONE: Trade setup on broking stocks; key levels to track

The market regulator Sebi has proposed measures to curb excessive speculation in F&O; a move that could impact trading volumes, believe analysts; Here are key levels to watch on broking related stocks

Motilal Oswal maintains buy on Angel One post Sebi's F&O proposals

Not more than 50 strikes would be introduced for an index derivatives contract at the time of contract launch.

RVNL, Angel One, Dixon, ITC, SBI: Strategies for Budget 2024 stocks

Stocks in focus ahead of Union Budget 2024: These 11 stocks across sectors are likely to be in focus in anticipation of measures to be announced by the finance minister Nirmala Sitharaman on Tuesday,

Angel One Q1 results: Profit rises 32.6% to Rs 293 cr as orders jump

Consolidated profit increased by 32.6% year-on-year to Rs 293 crore ($35.1 million) in the three months to June 30

Markets in overbought zone, avoid aggressive bets; Nifty's support at 24k

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

'Happened in 2023': Angel One responds to report of data leak of 8 mn users

The hacker claims to have accessed sensitive data, including profit and loss statements of affected customers of the Mumbai-based stock broking company

Stocks to watch, July 10: Angel One, Emcure Pharma, Mankind Pharma, M&M

Stocks to watch on July 10: Emcure Pharmaceuticals' shares are scheduled to make their debut on the stock exchanges on Wednesday

Angel ONE, Motilal, IIFL: Charts hint up to 24% downside for broking stocks

Market outlook July 02: Trading strategies for stock broking firms in India as the Sebi seeks parity on fees, stricter regulations to options trading.

Broking stocks fall up to 11% after Sebi directs MIIs to levy uniform fees

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

Suven Pharma, Max Health can rally up to 9%: Angel One

Rajesh Bhosale, Equity Technical Analyst at Angel One, expects the Nifty to move in the this 23,200 - 23,600 range this week.

Market at record high but a fifth of Nifty 500 stocks trade below 200-DMA

The 200-DMA is a key long-term moving average in determining a bullish and bearish trend for any stock or underlying index.

Angel One launches edutainment financial content platform Fin One

Content on Fin One will be available to users on social media platforms such as Instagram and YouTube

Stocks to Buy: Here's why Angel One is bullish on Fortis, Piramal Pharma

Stocks picks by Angel One: Fortis Healthcare is in a secular uptrend, hovering above its EMAs (Exponential Moving Average) on the daily time frame chart

Angel One garners Rs 1,500 cr via QIP to fund working capital requirements

Fintech player Angel One on Friday said it has raised Rs 1,500 crore through the Qualified Institutional Placement (QIP) route to fund working capital requirements of the company. The issue, which was opened on March 26 and concluded on April 2, received an overwhelming response from both domestic and foreign institutional investors, Angel One said in a statement. The company has allotted 58.71 lakh equity shares to institutional investors at a floor price of Rs 2,555.01 apiece, aggregating the transaction size to Rs 1,500 crore. After the allotment of shares, the paid-up equity share capital of the company stood at Rs 8.98 crore. The fund raised through QIP would be utilised for funding the margin obligations that are fulfilled on behalf of the clients and the margin trading facility provided to clients; future growth requirements and general corporate purpose. "The successful completion of this QIP marks a significant milestone in our journey, as we capitalise the business for i

Angel One signs strategic partnership deal with Indian Premier League

The deal is for five years from 2024-2028 where Angel One will serve as an Associate Partner of IPL in the financial services category

Angel One, Kotak Mahindra Bank arm executives to launch wealth mgmt biz

Srikanth Subramanian, the former chief executive of Kotak Cherry, will be the co-founder and chief executive of Angel One Wealth, an official statement said

Stocks to Watch today: Voda Idea, SpiceJet, Jana SFB, Angel One, Bandhan Bk

Stocks to watch on Thursday, February 22, 2024: Voda Idea, Texmaco Rail to consider fund raise proposals on February 27; Gujarat Ambuja Exports fixed record date for bonus issue.

Angel One plans to raise Rs 2,000 cr to tap opportunities in fintech space

The stockbroker plans to move beyond equity and mutual funds and will offer distribution of credit and fixed-income products

Angel One shares tank after weak Q3; Jio Financial down nearly 7%

Shares of Jio Financial Services Ltd On the NSE, declined 6.48 % to Rs 249.45 per share.The company's market valuation eroded by Rs 11,372.38 crore to Rs 1,58,133.24 crore.In volume terms