Now Reading: Angel One client funding book hits record Rs 7,453 crore in Q2
-
01
Angel One client funding book hits record Rs 7,453 crore in Q2
Angel One reported a record average client funding book of Rs 7,453 crore for the September quarter, up 40.5% year-on-year from Rs 5,305 crore, Business Today and CNBC-TV18 reported. The broker's client base grew 17.3% YoY to 3.99 crore, while average daily orders remained flat at 56.4 lakh.
CNBC-TV18 added that Angel One's gross client addition slowed in September to 0.45 million, down 20% from August, and the company lost 240 basis points of commodity market share but gained 80 bps in F&O and 17 bps in equity. The stock gained 2.5% on Tuesday, 6 October.
Separately, IEX reported electricity traded volume of 39,685 MU in Q2, up 12.7% YoY, with the Day-Ahead Market average price rising 46% YoY to Rs 5.7 per unit. India's energy consumption reached 502 BUs in the quarter, growing 11.5% YoY.
Indian Opinion Analysis
Business Today reported Angel One's quarterly figures with a wire-style neutral tone, while CNBC-TV18 added context on market share shifts and a sharper focus on the September recovery in daily orders. The two outlets agree on the record funding book figure, but CNBC-TV18 provides a more granular breakdown of client addition slowdown and segment-level gains and losses. Neither outlet takes a critical or promotional stance on the company. The balanced reading is that Angel One's core funding book grew strongly, but client addition momentum slowed in September, and the company is losing commodity share even as it gains in F&O and equity. CNBC-TV18 notes the stock gained 2.5% on the update.
Coverage: 2 sources, 2 neutral
Sources (2): businesstoday.in (neutral report), cnbctv18.com (neutral report)
This brief was synthesised by AI from the 2 sources linked above, so one read covers every framing they carry. Methodology and corrections.
