Angel One Jumps 8% to 2-Month High as Client Base Crosses 37 Million

Synopsis: Angel One shares hit Rs 267 intraday, fueled by 0.46M new clients in March, pushing total base to 37.39M. Orders soared 37% MoM to 140M; F&O turnover up 52% YoY. Will momentum sustain amid macro headwinds?

Angel One shares jumped sharply on Wednesday, hitting a two-month high. Investors responded with enthusiasm to the brokerage firm’s latest business numbers. The stock climbed 8.4% to touch Rs 267.00 during intraday trading on April 8. This pushed the share price to its highest level in two months. The rally came after Angel One released its March and Q4FY26 business update with the BSE.

Angel One added 0.46 million new clients in March alone. That marks a 1.3% rise from the previous month and a strong 20.5% jump from last year. The company’s total client base now stands at 37.39 million.

However, gross client acquisition dipped 10.7% compared to February. Still, it remained 7.5% higher than March last year. The firm processed 139.98 million orders in March. That is a 37.1% jump from the previous month. Average daily orders hit a 17-month high during the quarter a key highlight from the update. For the full March quarter, total orders rose to 430.66 million. That is 13.3% higher than the previous quarter and 31.6% above last year’s numbers.

Overall notional turnover grew 37.3% year-on-year. Nevertheless, it fell 10.4% compared to February. Futures and options turnover followed a similar pattern up 34.8% annually but down 11.3% month-on-month.

On the brighter side, F&O options premium turnover rose 12% from February and surged 51.6% from a year ago. Average daily turnover for the quarter reached Rs 56,688 billion a 76.4% annual jump.

Angel One kept its retail equity market share stable at 20.4%. Its F&O market share improved to 22.2%. Meanwhile, cash market share slipped slightly during the quarter. Commodity ADTO surged 148.1% year-on-year, even as it dipped sequentially.

The company noted in its filing that business momentum improved during the quarter. It added that strong client activity supported market share gains. However, global uncertainty and geopolitical tensions moderated the cash market share somewhat. Overall, the latest update points to a firm with growing reach, rising order volumes, and steady market presence despite a challenging macro backdrop.

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