Angel Broking soars 12% after strong Q1 show and name change

Angel Broking soars 12% after strong Q1 show and name change


Angel Broking soars 12% after strong Q1 show and name change
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Synopsis
Shares of Angel Broking surged over 12 per cent to Rs 1,192.35 on Friday. However, it was trading at Rs 1,139.15 at 9.55 am.
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Shares of Angel Broking were listed in October 2020. The company had issued shares at Rs 306 in its initial offering. The scrip has almost turned four times from the issue price.
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New Delhi: Shares of Angel Broking jumped 12 per cent during early trade on Friday after the company posted strong numbers in the quarter ended on June 30, 2021.
The recently listed broking firm reported a jump of 210 per cent in net profit to Rs 117.85 crore, as against a net profit of Rs 38.18 crore in the same quarter previous year. It clocked a profit of Rs 99.71 crore in March 2021 quarter.

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