ANGEL ONE CLIENT BASE INCREASE
Sebi's levy order likely to erode Rs 2,000 crore from discount brokers' income, hit client base
Several brokerage companies, including IIFL Securities and Motilal Oswal Financial Services, saw share declines of 3% to 7% due to the regulatory order affecting brokerages, potentially leading to adjustments in zero-payment plans or increased rates.
Broking stocks fall up to 10% after SEBI calls for uniform charges
SEBI instructed MIIs to ensure uniform charges benefiting end clients, with changes effective from October 1, 2024. The circular aims to rectify incorrect disclosures, especially regarding charges collected from end clients by MIIs. MIIs are directed to redesign charge structures and communicate with SEBI for compliance.
Overall ADTO declines MoM as new demat accounts rise: Motilal Oswal
In May 2024, demat account additions surged by 36 lakh, but the overall average daily turnover (ADTO) in the financial markets declined by 3% to Rs 433 lakh crore. While F&O ADTO decreased by 3%, cash ADTO rose by 5.5%. Active users on NSE increased to 4.29 crore.
Mukesh Ambani's fintech juggernaut starts rolling: The road ahead
Ambani's latest fintech business under Jio Financial Servics Ltd (JFSL) aims to ride on extensive consumer network as well the data Reliance has acquired. The tracks that consumers leave while shopping and using Reliance products and services will form a strong databank for JFSL.
New-age brands buzz on deal street; Unacademy founders’ voting rights
Happy Friday! New-age brands are attracting capital from VC funds, founders and other types of investors. This and more in today’s ETtech Morning Dispatch.
ETMarkets AIF Talk: This Rs 300 crore fund manager unveils M.E.R.I.T strategy to pick investments for portfolio
Himanshu Kohli, Co-founder of Client Associates, discusses identifying themes early for investors and the fund philosophy emphasizing value in business with strong fundamentals and execution. He mentions raising Rs 300 crore in AUM.
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What to do with Zomato, Cochin Shipyard and 4 other stocks? Aamar Deo of Angel One decodes
Ahead of the June 4 general election, India VIX nears 30, causing high volatility. Analyst advises caution in investing light amid market rally driven by Modi and Amit Shah's statements. RBI's record dividend payout boosts market sentiments. Watch Nifty and Bank Nifty levels for market trends. Consider diversifying among large caps, midcaps, and small caps.
Cochin Shipyard shares deliver 178% return in 2024. Time to book profit in this defence PSU?
Cochin Shipyard's remarkable 178% return in CY24 so far reflects investor confidence. The stock is currently seeing a strong uptrend with higher high and higher low formations. Defying recent market volatility, the defence stock has maintained consistent outperformance against broader market trends over the past few months.
Wait for Awfis Space Solutions to deliver stable profitability
The company has an asset-light business model and is debt-free. However, limited operating history, consistent losses, scalability of business, and sustainability of long-term contracts with clients are a few concerns.
The super app bandwagon; Tata Digital revamped
Happy Tuesday! Traditional financial services firms are the latest to launch so-called super apps. This and more in today’s ETtech Morning Dispatch.
Traditional financial services catch the super app bug
Financial services companies such as Aditya Birla Capital, Angel One and Muthoot Fincorp are building superapps -- a one-stop applications for all their customers' needs. This development comes as large groups such as Reliance Industries and Tata Group have already rolled out such superapps for everything from shopping to payments and credit under one roof.
Beat stock market volatility with Sharpe ratio: 8 stocks with up to 37% upside potential
Stocks that have delivered good risk-adjusted returns can effectively manage the rising market uncertainty.
ICICI Direct trading platform hit by technical glitch
ICICI Direct, India's fifth largest broker, faced a technical glitch, affecting traders' access. Initially, a maintenance message appeared, delaying trading. The platform resumed around 10:20 am. Technical issues have plagued brokers like Groww and Zerodha recently.
Demat account additions flat at 31 lakh in April. Overall tally rises to 15.40 crore
The number of Demat accounts increased by 31 lakh in April to 15.40 crore accounts with month-on-month (MoM) growth remaining flat and in line with the average monthly additions of 31 lakh in FY2024, according to a press note released by Motilal Oswal Financial Services (MOFSL).
Zerodha, 4 other discount brokers widen lead in active clients vs traditional brokers in April
Top five discount brokers expanded their lead over traditional ones in active clients on NSE, reaching 63.9% share in the previous month, up from 60.1% in April 2023. NSE's active clients rose by 2.6% sequentially to 4.18 crore in April, as per Motilal Oswal.
What to do with Yes Bank, Canara Bank and 4 other stocks? Aamar Deo Singh of Angel One decodes
Market volatility rises with India VIX surging 43% in May. Caution advised by Aamar Deo Singh to focus on quality stocks with longer-term perspective and in SIP mode amid uncertain market conditions. Singh says: "Market participants ideally should be cautious in building fresh positions and it would be prudent to adopt a wait and watch policy."
What to do with Kotak Bank, Cochin Shipyard and 4 other stocks? Aamar Deo of Angel One decodes
Aamar Deo Singh advises caution in the volatile market amid global cues and US economic scenarios. Investors should focus on Nifty, Bank Nifty levels, and major movers like Tejas Networks, Cochin Shipyard, and Kotak Mahindra Bank for strategic investments. Singh says: "Markets and global investors at large, have already factored in a no-rate cut, but it’s the overall outlook and commentary by the Fed that markets will look forward to. "
This stock gave 129.9% returns last year; should you invest now? Know what analysts say
Angel One stands to gain from India’s booming broking industry, fueled by factors like rising income, increased awareness of financial assets, smartphone penetration, digitisation, regulatory protection for retail investors, and household savings’ financialisation. Should you buy?
ICICI Securities upgrades Angel One to Buy, target price at Rs 3,469
Brokerage firm ICICI Securities, in its recent report, raised Angel One’s rating from ‘hold’ to ‘buy’, keeping the target price unchanged at Rs 3,469, signaling an upside potential of 24% from the current levels.
Angel One shares rally 5% after posting 31% increase in Q4 profit
Angel One's shares surged by up to 5.5% to Rs 3099 as it reported a 27% YoY increase in consolidated net profit to Rs 340 crore for the quarter ended March 2024.
Stocks in news: Infosys, Bajaj Auto, HDFC Life, Tata Communications, Angel One
Angel One's fourth-quarter profit rose 27% as trading activity helped more than make up for its higher spending amid heated competition for clients.
Angel One Q4 Results: Profit rises 27% to Rs 340 crore aided by jump in trading activity
The company's profit rose to Rs 340 crore ($40.7 million) in the quarter, boosted by an increase in trading activity, especially among retail investors, as the country's stock market touched record highs and commodity prices rose sharply.
What to do with TCS, Vedanta, REC and 3 other stocks? Aamar Deo Singh of Angel One decodes
Geopolitical tensions, India-Mauritius tax treaty, key companies' results, and global events shape market movements. Analyst insights on strategies for TCS, Infosys, and REC offer valuable guidance for investors in navigating the complex market landscape. Deo Singh says: "Investors are advised to stay cautious in the week ahead, given the plethora of domestic and global triggers."
Angel One shares jump over 6% on QIP launch
The company has scheduled a committee meeting on Tuesday, April 2, 2024, to consider and approve the issue price for the equity shares to be allotted to qualified institutional buyers, pursuant to the Issue.
Angel One launches QIP issue, sets floor price of Rs 2,555
The fundraise aims to augment financial flexibility to grow the business and tap emerging opportunities. The growing client base, and heightened activity across multiple derivative and cash products along with the consistently increasing quantum of orders executed on the company’s platform, have entailed a sustained requirement of enhanced working capital.
Angel One to stop doing business in currency derivatives segment on BSE
Angel One is the largest listed retail stock broking house in India, in terms of active clients on the NSE. It provides broking and advisory services, margin funding and distribution of third-party financial products to its clients.
Angel One plans to raise Rs 2,000 crore via equity route, including QIP
The growing client base, and heightened activity across multiple derivative and cash products along with the consistently increasing quantum of orders executed on the company’s platform, have entailed a sustained requirement of enhanced working capital, to diligently manage such growth in volumes, Angel One said.
Angel One appoints Meenal Maheshwari as Group General Counsel
Angel One Ltd., a prominent brokerage and trading platform, has appointed Meenal Maheshwari Shah, an experienced legal professional, as Group General Counsel. With a background spanning law firms, private equity, and global transactions, Shah brings expertise to navigate legal complexities. Her appointment underscores Angel One's commitment to compliance and innovation in the evolving regulatory landscape.
Angel One client base surpasses 20-million mark; all eyes now on 1-billion milestone
Having started as a conventional broker, Angel One transformed itself into one of the leading fin-tech investment platform providers and competes with some of the leading discount broking firms in India. In terms of active clients, Angel One is the third in India after Groww and Zerodha Broking, according to reports.
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