New Delhi, Nov 6 (PTI) Financial Services firm Angel One has become the country's second-largest stockbroker in terms of active clients, with 69.98 lakh investors on the National Stock Exchange at the end of October, according to the exchange's latest data.
With an active client base of 69.98 lakh, the brokerage now accounts for 14.97 per cent of 4.67 crore active clients across all brokers on the exchange.
The firm added 2.43 lakh net active clients on NSE in October alone.
Its overall client base reached 4.06 crore at the end of October, up 17.4 per cent year-on-year. The company crossed the 4-crore mark during the month after adding nearly 15 lakh clients in the July-September quarter.
Trading activity also picked up in October, with average daily orders rising 19.6 per cent month-on-month to 69.7 lakh. Gross client additions stood at 6.6 lakh, the highest in nine months.
The growth in client numbers came alongside an improvement in financial performance.
Angel One's consolidated revenue from operations rose 18.7 per cent year-on-year to Rs 1,427 crore, and net profit grew 58.2 per cent to Rs 335 crore.
Its wealth management assets under management stood at Rs 16,000 crore at the end of the quarter, up 19.1 per cent sequentially.
