Monday, October 26
Shares of brokerage firm Angel One today rallied 4.5% to their high of Rs 2,988 on the BSE after reporting an 11.3% year-on-year (YoY) increase in its Average Daily Turnover (ADTO) to Rs 40.05 lakh crore in the third quarter of FY 25.Considering Angel One’s ADTO based on option premium turnover, overall ADTO jumped by 51.5% YoY, but decreased by 2.5% QoQ, while F&O ADTO increased by 32.8% YoY but decreased by 5.8% QoQ. According to the update, the company achieved a 51.7% YoY growth in its client base, reaching 29.52 million compared to 19.45 million in Q3 FY24.The number of orders processed by the company witnessed an increase of 20.4% YoY to 42.16 crore, but when compared to the previous quarter (Q2 FY25), it decreased by 13.8%. The average daily orders followed a similar trend, sh
India's dominant services sector ended 2024 on a high note as sustained demand boosted activity to a four-month high and led to strong hiring in December, while inflationary pressures eased, a survey showed. The HSBC final India Services Purchasing Managers' Index, compiled by S&P Global, rose to 59.3 in December from 58.4 in November, its highest since August but lower than a preliminary estimate of 60.8. Activity in the sector has been in expansionary territory for more than three years. A 50-mark separates contraction from growth. The new business sub-index - a gauge of demand - rose at the fastest pace in four months. It was also supported by solid global demand. High demand and expanded capacities kept confidence high for the year ahead. Business optimism stayed firm and above l
Shares of Titan Company, a key entity in the Tata Group, climbed 2.3% on Monday to Rs 3,527.20 on BSE after the company reported a 24% year-on-year growth in its standalone business during the quarter ended December, the company said in its latest quarterly update on Monday.The jewellery segment of the company was a standout performer, reporting a 26% sales growth in the December quarter compared to the same period last year, largely driven by vibrant festive demand during the October-December period. “Robust consumer traction during ‘Diwali’ translated into high single-digit buyer growth along with double-digit ticket size growth,” Titan said. Plain gold jewellery sales surged by 24% year-on-year, boosted by increased gold prices and heightened demand for festive and wedding-relat
