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Motilal Oswal Report
Angel One Ltd. released its monthly update highlighting the key business numbers for February 2022. The key takeaways are as follows:
Gross client acquisition dipped to 0.45 million in Feb-22 from 0.54 million in January 2022. The decline can be attributed to lower number of calendar days (28 versus 31 days).
Total client base stood at 8.76 million as of Feb-22 (up 5% month-on-month and up 134% YoY).
Average funding book continued to grow to ~Rs 16.4 billion (up 3.5% month-on-month).
The number of orders increased 5% month-on-month to 70.3 million in Feb-22. In addition, the number of orders per day jumped to 3.52 million in Feb-22 from 3.35 million in Jan-22.
Angel One's overall average daily turnover reported strong 9% month-on-month growth propelled by healthy growth across segments except equity cash, which saw a decline of 14.3% month-on-month.
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