Angel One Limited — Important, 06-12-2024: Monthly Business Updates

In November 2024, Angel One reported a decline in trading activity compared to the previous month, with 18 trading days versus 22 in October. The client base increased to 28.78 million, up 2% month-over-month (M-o-M) and 56% year-over-year (Y-o-Y). Gross client acquisitions slightly decreased by 14.6% M-o-M and 11.9% Y-o-Y, totaling 0.60 million. The average client funding book saw a reduction of 3.7% M-o-M, but a significant increase of 113.8% Y-o-Y, reaching Rs. 39.65 billion.

Overall Average Daily Turnover (ADTO) based on notional turnover fell by 12% M-o-M to Rs. 42,645 billion, while the cash ADTO also dipped by 4.1% to Rs. 71 billion. However, commodity ADTO rose significantly by 30.4% M-o-M to Rs. 724 billion. The company's market share in cash turnover decreased to 16.4% from 16.7%, but its commodity turnover share increased to 59.7%. Despite some declines in metrics, the robust growth in client base and funding book signals a positive outlook for the company, warranting close attention.