Fri Dec 05 09:00:00 UTC 2025: News Article:

Angel One Shares Plunge as Client Acquisition Slows

Mumbai, December 3, 2024 – Shares of financial services company Angel One experienced a significant drop of over 5% today, triggered by a slowdown in client acquisition. The company’s gross client acquisition in November fell by 17% year-on-year to 500,000, according to an exchange filing.

While the client base has grown approximately 22% year-on-year to 35.08 million. The stockbroker’s number of orders also declined 10.4% to 117.3 million.
This decline impacted trading activity, with the number of orders dropping 10.4% year-on-year to 117.3 million, and average daily orders falling 15.1% year-on-year to 6.2 million.

Despite the challenges in client acquisition, Angel One reported positive trends in other areas. The overall average daily turnover, based on option premium turnover, surged by nearly 98% year-on-year to ₹1.87 lakh crore. The company’s retail equity market share also increased by 18 basis points to 20.3%.

However, its average turnover from futures and options declined 5.4% to Rs 14,000 crore, according to the exchange filing. Its futures and options retail market share fell 46 bps to 21.5%. Its commodity turnover market share declined 719 bps to 52.5%, as per the filing.

Angel One acknowledged the “softer market conditions” that led to the moderation in daily order run rate but highlighted the company’s “historic high” in the average client funding book, reflecting deeper client engagement.

At 9:55 am, Angel One shares were trading at ₹2,674 apiece on the NSE, marking their worst day since August. Rival Groww also experienced a decline, trading 1.5% lower. Angel One was the top loser on the Nifty Capital Markets index today.

The company has revised upwards the October 2025 cash market share, following a revision in the industry’s retail turnover for the segment, subsequent to their publishing the October 2025 data,

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