1) Angel one has published its monthly Client/Order data
2) Data were much below expectations
3) Angel One shares fall over 5% as company's gross client acquisition declines 17% YoY in Nov
4) The stock broker's number of orders dropped 10.4% YoY to 117.3 million in November, while average daily orders also fell 15.1% YoY to 6.2 million. Based on the option premium turnover, its overall average daily turnover for the month increased nearly 98% on year to Rs 1.87 lakh crore, but the average turnover from futures and options declined 5.4% to Rs 14,000 crore, according to the exchange filing.
5) All this data is being shared for information and education purpose. This is not a buy/sell recommendation.
Thank you,
Technofunda24