Tue Oct 15 18:05:17 UTC 2024: ## Angel One Shares Surge on Strong Q2 Earnings, New Brokerage Fees

**Mumbai, India** – Angel One Ltd., a leading online brokerage platform, saw its share price soar over 9% on Tuesday after the company reported a significant jump in both net profit and revenue for the second quarter of fiscal year 2025.

The company’s total income surged 44% year-on-year to Rs 1,514.71 crore during the July-September period, compared to Rs 1,047.87 crore in the same quarter of the previous fiscal. Net profit also witnessed a substantial 39% increase to Rs 423.38 crore, up from Rs 304.47 crore in the corresponding period last year.

The positive performance comes on the heels of Angel One’s recent implementation of transaction charges on delivery-based equity trades, which were previously free. The new brokerage structure levies a fee of Rs 20 or 0.1% + GST (whichever is lower) per executed order, with a minimum charge of Rs 2.

Additionally, the company has also adjusted its securities transaction tax (STT) in accordance with the Union Budget 2025 guidelines. The STT on futures sales in securities has been increased from 0.0125% to 0.02%, while the STT on option contracts sales has been raised from 0.0625% to 0.1% of the premium value.

Angel One’s stock price rallied as much as 10.5% during the day before settling at Rs 2,982.40, representing a 9.52% gain compared to the previous day’s closing price. The stock has seen a remarkable 43.49% growth over the last 12 months, although it has declined 14.56% year-to-date.

According to Bloomberg data, six out of nine analysts tracking Angel One recommend a ‘buy’ rating, while two suggest a ‘hold’ and one suggests a ‘sell’. The average of 12-month analysts’ price targets indicates a potential downside of 3%.

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