Angel One - Risk-Reward Favourable; Business Momentum Intact: ICICI Securities

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..ICICI Securities Report.Angel One Ltd. reported recovery in operating indicators in August 2022. The number of orders recovered to the monthly run-rate of 72.5 million in Aug-22. The average number of daily orders traded increased from 3.2 million in July 2022 to 3.6 million in Aug-22. Client acquisition remained strong with 0.44 million adds in Aug-22 versus 0.34 million in Jul-22. Total client base stood at 11.2 million as of Aug-22. However, margin trading facility book declined 4% month-on-month to Rs 13.7 billion despite 22% increase in cash average daily turnover to Rs 42 billion. There was market share loss in all segments except commodities. Angel One’s overall market share contracted 44 bps month-on-month to 21.5%, derivatives market share fell 43 bps month-on-month to 21.6% and cash market share declined 87 bps month-on-month to 13.9%. Market share in commodities increased 374 bps month-on-month to 51.6% in Aug-22..Click on the attachment to read the full report:.DISCLAIMERThis 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.

Angel One - Risk-Reward Favourable; Business Momentum Intact: ICICI Securities

Angel One - Risk-Reward Favorable; Business Momentum Intact: ICICI Securities

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