Angel Broking rallies 12% on strong Q1 results; zooms 300% in three months

The company said it witnessed strong gross client addition of 1.20 million in Q1FY22 as compared to 0.96 million clients in Q4FY21

Shares of Angel Broking (ABL) hit a new high of Rs 1,192.35, ralling 12 per cent on the BSE in the intra-day trade on Friday, after the brokerage firm reported strong earnings for the quarter ended June 2021 (Q1FY22). The company is one of the largest retail broking houses in India, in terms of active clients on the National Stock Exchange (NSE).

In the past three months, the stock has zoomed 300 per cent, as compared to a 9 per cent rise in the S&P BSE Sensex. At 10:38 am, the stock erased gains partially and traded 6 per