Angel Broking Soars 20% On Reporting Highest Ever Quarterly Profit

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Angel Broking shares gained 20 per cent in intra-day trading after the retail broking house reported the highest-ever quarterly profit, at ₹ 74.47 crore, in the second quarter ended September 2020. At 1:00 pm, the shares were trading higher by 19.30 per cent at ₹ 296.65 on the BSE, after touching an intra-day high of ₹ 298.35. But after being listed on bourses on October 5, the stock is still to surpass its issue price of ₹ 306 per share.

The retail broking house reported profit of ₹ 74.47 crore in the September 2020 quarter, a 47.3 per cent rise compared to ₹ 48.3 crore in the June quarter. Its consolidated revenue from operations grew by 30 per cent to ₹ 309.85 in Q2FY21.

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