Angel One shares are in focus on Monday (March 4) after the broking firm said its client based jumped 4.9% month-on-month in February to 2.14 crore from 2.04 crore in January. It also increased 60.8% on yearly basis.
The number of orders experienced 3.8% uptick in February, totaling 17.2 crore, up from 16.6 crore in January.
The number of orders exhibited 106.8% year-on-year surge, soaring from 8.35 crore in February of the previous year to 17.26 crore in the current month.
Average daily orders for February stood at 82.2 lakh, demonstrating growth from January's 75.6 lakh and February 2023's 41.7 lakh.
Unique Mutual Fund Systematic Investment Plan (MF SIP) registrations amounted to 4,80,530, slightly declining by 1% compared to January's 4,85,490.
The brokerage firm also recorded a 2.9% rise in average daily turnover in February, compared to the previous month.
This figure reflects 157.1% increase from February 2023's turnover.
The brokerage firm's client base surpassed the 2 crore-mark in January last year, aided by the robust business trajectory.
On a separate note, the National Stock Exchange (NSE) announced on Friday that the number of unique registered investors has surpassed 9 crore.
The addition of 1 crore registered investors within five months contributed to tripling the investor base over the last five years.
Angel One shares ended 1.88% higher at ₹2,834 apiece during the previous trade session.
(Edited by : Anshul)
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