Significantly, Angel One stock surged and hit an all-time high in the second quarter of the current financial year. Nevertheless, Angel One registered a YoY growth of 143.4 percent while its QoQ growth is 30.3 percent. Talking about the average daily turnover of Angel One stocks, it accounted for Rs29.6 trillion in the second quarter of the current financial year, depicting strong performance in the second quarter. Do you know how much the share prices of Angel One increased in the early morning of Friday when the market opened? If not and you are scrambling to the web to learn about the stock prices, kindly go through it till the end and keenly read the following sections. Swipe down the page.
On Friday, when the market opened, the shares of Angel One increased by 6.60 percent taking it to an all-time high of Rs 2,246 share which increased the stock’s value after the firm’s robust performance in the Q2 of fiscal year 2024. A day before when Angel One’s shares surged 6.60 percent its shares witnessed a surge of 42 percent in its consolidated net profit of Rs 304 crore during the second quarter ended in September. Reportedly, Angel One made a consolidated profit of Rs 214 crore in the second quarter of last year.
In comparison with the second quarter of last year, Angel One’s total revenue surged by 38.59 percent taking it to Rs 1049 crore which was last year’s Rs 745 crore for the same period. Angel One reportedly made 2.1 million clients in Q2 FY24, which was the highest-ever client addition in its history. The growth of clients expanded Angel One’s client base to 17.1 million at the end of September 2023. This increase in the client base represented a 47.6% growth YoY and a 13.3% increase on a QoQ basis.
After the commendable performance of Angel One’s shares in the market, the chairman and managing director of the company, Mr. Dinesh Thakkar said, “We are delighted to announce that Q2 ’24 has marked a historic milestone for us, as we have achieved our best-ever performance across financial and operational metrics.” He further appreciated his employees, “Our unwavering commitment to enhancing our client’s experience remains the cornerstone of our growth strategy. We continue to make investments in refining various journeys to ensure a seamless and superior experience.” Reportedly, the increased client base also led to the elevation of Angel One’s Playstore and NSP rankings as well.