Angel One shares drop 5.48% on client acquisition decline
pre-market1 source ↓written by the desknot a recommendation
- after reporting
- 5.48%
- in gross client
- 17% YoY decline
- new clients
- 500,000
- client base grew
- 22%
- 35.08 million
Angel One Ltd shares fell 5.48% after reporting a 17% YoY decline in gross client acquisition for November, totaling 500,000 new clients. Despite this, the overall client base grew 22% to 35.08 million. The slowdown reflects softer market activity, with orders down 10.4% YoY to 117.3 million. 📉
This decline in new client additions may impact investor sentiment, as trading volumes moderate amid a challenging market environment.
Not investment advice. For informational purposes only.