NEW DELHI: Shares of Angel Broking leaped over 6 per cent on Friday after it onboarded nearly 4 lakh customers during March 2021, a record for a month. The total client base of Angel Broking has now increased to 41 lakh.
The stock was trading up 6.02 per cent at 314.55 on BSE.
Angel Broking’s tally of Gross Clients Added in Q4 FY21 reached 9.6 lakh, which is 14 times of what it was in Q1FY20. The Average Daily Turn Over (ADTO) of Angel Broking has also experienced a 15-fold growth during the same period, and stood at Rs 3.75 lakh crore in Q4.
“More millennials from tier-2 and tier-3 cities wish to augment their revenue streams by joining the stock market bandwagon. We have ensured that everything from their onboarding to trading and even training stays as seamless as possible. Our touch-of-a-button offerings have proven pivotal in this regard, thereby launching us on an ultra-growth trajectory,” said Prabhakar Tiwari, Chief Growth Officer, Angel Broking.