Shares of Angel One Limited climbed 4% on 8 April after the stockbroking firm put out its monthly business update for March, with month-on-month numbers coming in mixed even as year-on-year growth held firm across most operating metrics.

In an exchange filing dated 8 April, Angel One told exchanges its total client base had grown to 37.39 million in March from 36.93 million in February, a rise of 1.3% month-on-month and 20.5% from the same month a year earlier. Gross client acquisition, though, slid 10.7 %from February to 0.51 million. That figure is still up by 7.5% year-on-year.

Orders placed in March came in at 139.98 million, down 2.8% from February. Year-on-year, the number jumped 37.1%. Average daily orders moved up to 7.37 million from 6.86 million the previous month, also 37.1% higher than a year ago.

Overall average daily turnover dropped 10.4% month-on-month, with the F&O segment slipping 11.3% from February. Flip to the annual picture, and overall ADTO was up 37.3%, while F&O ADTO grew 34.8%. 

Retail turnover market share fell by 108 basis points from last month, and F&O market share shed 101 basis points, though both metrics are higher year-on-year, by 26 and 68 basis points, respectively. Cash turnover market share slipped 178 basis points month-on-month; commodity turnover market share edged up 15 basis points.

There is no related-party element to this disclosure. The stock’s 52-week high sits at Rs 328.50 and its 52-week low at Rs 205.70. At 10:22 am on 8 April, shares were trading up 4.08% at Rs 256.15 on NSE, having gained 16.63% over the prior month.

Discover the next big investment! Tradz by EquityPandits’ IPO screener helps you identify promising initial public offerings. Download Tradz by EquityPandit and get ahead of the curve! Sign Up Now & Find Your Next IPO Gem!