Angel One Share Price Falls As Gross Client Acquisitions Dip In November
In November, number of orders for Angel One fell 23.5% month-on-month but rose 22.2% on a year-on-year basis to 13 crore.
Angel One Ltd.'s share price fell nearly 5% on Friday after the company reported a 14.6% month-on-month fall in gross client acquisition in November to 6 lakh.
Its client base for November came in at 2.88 crore, up 2.0% on a month-on-month basis and 56% higher than last year, according to a business update. Year-on-year, gross client acquisition fell 11.9%.
Number of orders in November fell 23.5% month-on-month but rose 22.2% on a year-on-year basis to 13 crore.
Angel One Share Price Today
Share price of Angel One fell as much as 4.7% to Rs 3,070 apiece. It pared losses to trade 0.6% lower at Rs 3,202.55 apiece, as of 10:20 a.m. This compares to a 0.3% decline in the NSE Nifty 50.
It has fallen 8% on a year-to-date basis. Total traded volume so far in the day stood at 1.33 times its 30-day average. The relative strength index was at 69.
Of the eight analysts tracking the company, six maintain a 'buy' rating, two recommend a 'hold' and one suggests 'sell', according to Bloomberg data. The average 12-month analysts' consensus price target implies an upside of 8.6%.
