Shares of Angel One Ltd. jumped to hit lifetime high on Wednesday as its base and orders rose in November.
The brokerage's client base grew 3.8% over October and 51.3% year-on-year to 1.84 crore in November 2023, an exchange filing said. Orders rose 1.2% over the previous month and 51.4% on year to 10.72 crore.
Shares of the company rose as much as 10.45%, before paring gains to trade 8.5% higher at 10:45 a.m. That compares to a 0.3% advance in the NSE Nifty 50.
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The stock has risen 144.5% year-to-date. The total traded volume so far in the day stood at 3.5 times its 30-day average. The relative strength index was at 71, implying that the stock may be overbought.
All eight analysts tracking the company maintain a 'buy' rating, according to Bloomberg data. The average 12-month consensus price target implies an upside of 34.7%.
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