BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
HDFC Securities Institutional Equities
Angel One Ltd. printed a strong 8.5% sequential growth in its top line, driven by all-time high retail derivatives average daily trading volumes coupled with healthy ancillary transaction revenues (up 19% QoQ).
Staff costs are expected to remain elevated on the back of the management’s continued focus on scaling up and investing in additional tech talent.
We are encouraged by Angel One’s intent to align marketing dollars with the pace of customer adds (make marketing spend variable), thereby protecting margins; we continue to monitor these expenses in a soft customer add environment.
While derivatives volumes have exhibited strong resilience in volatile markets, we continue to closely monitor retail market-share in this segment.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR