Angel Broking plans expansion in Jaipur

Angel Broking, one of the leading and prominent retail stock broking firms in the country, has announced plans to expand its operations to Jaipur.

Regional Director Nikhil Daxini, sharing the group's expansion plans in Rajasthan, said, "Angel will offer varied services to investors in Rajasthan through over 100 outlets, which will be operational in the next one year."

He said the group's research-based advisory and wealth management services in equities as well as commodities would be beneficial to its business associates and investors in Rajasthan.

"Its e-broking platform and IT infrastructure at Jaipur will ensure timely and cost-effective support," he added.

Executive Director Rajiv Phadke said: "The Angel group provides value-added services to over 150,000 individual investors through its countrywide network of 68 branches including 12 regional hubs, 2,000 sub-brokers, business associates, and over 1,600 employees."

Dinesh Thakkar, chairman and managing director of Angel Broking, on stock markets said: "Short-term correction will always be part of bull runs and it is healthy and necessary because it makes investing in the market attractive. There is a need to create a perfect hedge against inflation in this age of a booming economy. While investing in low risk government bonds, yielding barely 8 pr cent will lead you to a stressful retirement, and striving for exponential returns by guesswork will be a guaranteed way of losing money too. So believe in value, follow a disciplined investment tactics, and reap the benefits of the power of compounding. To explain, if a person had invested say, Rs 10,000 monthly in the Sensex stocks for the last 20 years consistently immaterial of bull and bear phases, today he would be proud owner of portfolio worth rupees 1.75 crore. Can't believe! Yes it's a true! ...but still a sense of uncertainly persists."

Angel Broking came into existence in 1987 promoted by Dinesh Thakkar.