Angel One's Client Base Soars 63.3% YoY, Hits 23.83 Million in May 2024

Angel One Limited, a leading player in the fintech sector, demonstrated robust growth in its client base, which stood at 23.83 million in May 2024, recording a substantial 63.3% YoY increase. The company achieved a commendable 91.0% YoY growth in gross client acquisition, onboarding 0.88 million new clients in May 2024.

Angel One's commitment to empowering young investors is evident in its relentless pursuit of innovative and reliable financial solutions that cater to the diverse needs of its clients. During May 2024, the company processed over 158 million orders, marking a significant 75.2% YoY increase, with an average daily orders of 7.56 million. The company's average client funding book amounted to an impressive Rs 27.4 billion.

Angel One recorded a notable surge in Unique Mutual Fund SIPs in May 2024, reaching over 473 thousand, which represents a commendable 287.7% YoY increase. Additionally, the average daily turnover witnessed a substantial growth, surging to an impressive Rs 43,799 billion, reflecting a robust 98.8% YoY rise.

Angel One's notable performance in May 2024, characterized by substantial growth across key metrics, solidifies its position as a dominant force in India's fintech landscape. With a customer-centric approach, technological prowess, and a vision to revolutionize financial services, Angel One continues to empower millions, setting new benchmarks for innovation and excellence in the industry.

Shares of Angel One Limited was last trading in BSE at Rs. 2627.70 as compared to the previous close of Rs. 2587.20. The total number of shares traded during the day was 13307 in over 1897 trades.

The stock hit an intraday high of Rs. 2638.30 and intraday low of 2573.05. The net turnover during the day was Rs. 34709319.00.

Source : Equity Bulls

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