The just lately listed broking agency reported a leap of 210 per cent in web revenue to Rs 117.85 crore, as towards a web revenue of Rs 38.18 crore in the identical quarter earlier yr. It clocked a revenue of Rs 99.71 crore in March 2021 quarter.
Shares of Angel Broking surged over 12 per cent to Rs 1,192.35 on Friday. However, it was buying and selling at Rs 1,139.15 at 9.55 am. BSE Sensex was buying and selling 95.59 factors, or 0.18 per cent, larger at 53,254.44 on the similar time. The scrip settled at Rs 1,062.05 on Thursday.
The firm reported an operational income of Rs 458.72 crore in the course of the April-June 2021 interval, 94.3 per cent larger than Rs 236.09 crore income within the year-ago quarter, the corporate mentioned in a regulatory submitting.
The board of the corporate had declared an interim dividend of Rs 5.15 per share with a file date of July 26, 2021.
Shares of Angel Broking had been listed in October 2020. The firm had issued shares at Rs 306 in its preliminary providing. The scrip has nearly turned 4 instances from the problem worth.
The broking counter has gained over 240 per cent within the yr 2021 up to now. The scrip has shot up by 40 per cent within the final one month.
The firm’s board has consented to submit an software to market watchdog Sebi to acquire approval for appearing as a sponsor to mutual fund and to represent a committee. This committee will oversee the actions in relation to the proposal of organising of mutual fund enterprise by the corporate.
The board, in its assembly held on July 15, has permitted the change of name of the corporate from ‘Angel Broking Limited’ to ‘Angel One Limited’ or ‘Angel One Fintech Limited’ or every other name as could also be permitted by the Central Registration Center (“CRC’) of Ministry of Corporate Affairs.