Angel One shares climbed more than 1% to ₹351 on the National Stock Exchange after the discount broking firm disclosed robust growth in its June business metrics.
The primary driver was an expansion in the gross client base, which rose 1.1% month-on-month to reach 38.59 million users.
The user growth was accompanied by a sharp increase in client funding, which totaled ₹6,783 crore for the month.
This inflow underscores sustained retail participation in Indian equity markets despite broader global volatility, providing a steady revenue stream for the platform through transaction fees and interest income.
The positive operational data helped lift investor sentiment toward the stock, which has been a key beneficiary of the digital brokerage boom in India.
The firm’s ability to retain and grow its user base amid competitive pressure from larger rivals highlights the stickiness of its technology platform and advisory services.