Angel One shares fall from opening highs as gross client acquisition declines after four months of gains

Shares of Angel One Ltd. came off the opening highs to trade with losses after its business update for the month of August showed a decline on a month-on-month basis.Gross Client Acquisition for Angel One declined 15% from July to 5.5 lakh from 6.4 lakh. This was the first decline in gross client acquisition for Angel One after four straight months of gains.

On a month-on-month basis, Angel One’s overall client base increased by 1.5% to 3.35 crore.

Average Daily Orders also went up by 8.1% from last month to 57.8 lakh from 53.5 lakh in July. This resulted in a rise in average daily turnover for the company to ₹45.84 lakh crore from ₹41.5 lakh crore, a growth of 10.5% from July.The average daily turnover for Angel One was the highest seen since October 2024. The Average Daily Premium turnover increased by 30.5% from July to ₹1.46 lakh crore from ₹1.11 lakh crore.

Angel One’s equity market share increased by 67 basis points from July to 20.7%, while the F&O market share went up by 92 basis points to 22.1% from 21.2%. The company’s commodity market share increased by 390 basis points to 67.6% from 63.7% in July.

Angel One shares gained 2.9% in early trade on Thursday but soon reversed all of those gains. The stock currently trades 0.2% lower at ₹2,267.7. The stock is down 25% so far this year.

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