Angel Broking up 29% in 2 days post Q2 results; trades above issue price

The stock was up 8% to Rs 321, bouncing back 15% from day's low of Rs 279, trading first time above its issue price of Rs 306 on the BSE.

Shares of Angel Broking traded higher for the second straight day, up 8 per cent at Rs 321 - its highest level since listing earlier this month. The stock bounced back 15 per cent from day’s low of Rs 279 on the BSE on Wednesday on heavy volumes. In comparison, the S&P BSE Sensex was down 1.4 per cent at 39,940 points at 02:26 pm. The trading volumes on the counter jumped over four-fold with a combined 4.93 million shares changing hands on the NSE and BSE.

In the past two trading days, the stock of broking firm has rallied