BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
KRChoksey Report
Angel Broking Ltd. incorporated in 1996 and one of the oldest stock broking houses in India.
It offers broking, margin funding, advisory and financial services under the brand names of ‘Angel Broking’ and ‘Angel Bee’ powered by ‘ARQ’ (an automated investment advisory engine).
It has a strong market presence with active clientele on the National Stock Exchange with a market share of around 6.3% and 2.15 million operational accounts as of June 2020.
Digital transformation has helped it being the fourth largest company in terms of active NSE clients and second largest in terms of incremental NSE clients in Q1 FY21.
Angel Broking being a pioneer in new client activation has access to approximately 79.55 million subscribers through partnered Digital Referral Associates (DRAs) as of June 30, 2020.
From Q1 FY20 to Q1 FY21, its average daily turnover has been increased from Rs 253 billion to Rs 619 billion.
Company has strong capabilities to acquire customers through diversified digital platforms.
In Q1 FY21, 85.21% of clients have been acquired digitally and remaining 14.79% are acquired through network of Authorized Persons.
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This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.
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