Angel One reported a mixed operational performance for April, revealing a decrease in client additions and trading activity on a month-on-month basis, even as overall scale and market share continued to improve.
In early trading, shares of Angel One rose over 1%, reaching a high of ₹318.60 before stabilizing at ₹317.10, up from the previous close of ₹314.40.
Gross client acquisition for the month totaled 0.46 million, marking a decline of 9.1% month-on-month from 0.51 million and down 6.2% year-on-year from 0.49 million, indicating a slowdown in onboarding activity. Nonetheless, the total client base grew to 37.79 million, a 1.1% increase from 37.39 million in March and 20% higher than the 31.49 million reported a year ago.
Trading activity mirrored this trend, with the number of orders decreasing by 3% month-on-month, while rising 27.3% year-on-year to 135.75 million. Average daily orders were recorded at 6.79 million, a decline of 7.9% from the previous month but up 21% when compared with 5.61 million in the same period last year.
Regarding turnover, average daily turnover on a notional basis increased by 16.6% month-on-month and surged by 130.5% year-on-year to ₹2.45 lakh crore. In the futures and options segment, average daily turnover declined by 9.8% sequentially but reflected a 24% year-on-year increase to ₹16,600 crore.
Market share metrics remained strong, with retail turnover market share improving to 20.5%, an increase of 75 basis points month-on-month and 89 basis points year-on-year. Retail futures and options market share rose to 22.3%, gaining 63 basis points sequentially and 169 basis points compared to the previous year.
In the cash segment, market share increased to 17.9%, up 193 basis points month-on-month but largely flat year-on-year. Conversely, commodity market share saw a decline of 46 basis points from the previous month, although it remained higher by 61 basis points compared to the same period last year at 56.7%.
The performance metrics highlight the ongoing developments in Angel One’s client acquisition and market positioning strategies as of May 6, 2026.
