# ANGELONE (ANGELONE) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/angelone

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹299.1
- Change: +1.39%
- As of: 2026-09-18
- 1D return: +1.39%
- 5D return: +0.61%
- 1M return: +3.32%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 18, 2026, ANGELONE is trading at ₹299.1, exhibiting a mixed technical stance across different timeframes. Daily indicators suggest a bullish trend, with the price above key moving averages like the 20-day EMA (₹296.12) and 200-day SMA (₹286.01), and the Supertrend indicator also signaling bullish. However, the 50-day SMA (₹301.9) and 50-day EMA (₹301.43) are slightly above the current price, indicating some overhead pressure. Weekly timeframes show a bullish Supertrend, but the price is below the 20-day EMA (₹303.76) and 20-day SMA (₹318.43), suggesting short-term weakness within a potentially longer-term uptrend. Monthly indicators also point to a bullish Supertrend and the price above the 20-day EMA (₹271.72), reinforcing the longer-term positive view. Recent patterns include an active "Morning Star" on the daily chart, but also a "Bearish Engulfing Reversal" and "Harami" on weekly and monthly charts respectively, highlighting potential for price fluctuations.

The stock is currently positioned around 69% of its 20-day range and 60% of its 252-day range, indicating it has moved significantly higher over these periods. Nearest support is observed at ₹297.92, followed by ₹295.03. Resistance is noted at ₹300.83 and ₹303.72. The stock's annualized volatility stands at 0.43, with a current drawdown of -0.16%. Key conditions to watch include price action around the ₹300.83 resistance level and the ₹297.92 support level, as well as the direction of the 50-day moving averages.

- Current price on September 18, 2026, is ₹299.1.
- Nearest support levels are ₹297.92 and ₹295.03.
- Nearest resistance levels are ₹300.83 and ₹303.72.
- Daily indicators lean bullish, while weekly indicators show mixed signals with short-term overhead pressure.
- Monthly indicators suggest a bullish long-term trend.

- Bearish Engulfing Reversal
- Harami
- Outside Bar
- Morning Star
- Bullish Engulfing Reversal
- Inside Bar
- Hammer

### News Context

The National Stock Exchange (NSE) IPO continued its subscription phase, reaching 44% by the second day of bidding on September 18, 2026. The IPO, priced between ₹1,700 and ₹1,785, has seen a reported grey market premium (GMP) hinting at an 8% listing gain. Brokerage firms have largely recommended subscriptions, citing the NSE's strong market position, though they also advise investors to consider valuation and regulatory aspects. Separately, on September 17, 2026, brokerages requested the Securities and Exchange Board of India (SEBI) to cap the market data revenue (MDR) for capital market transactions at 2 basis points, arguing it would improve economic viability.

- NSE IPO reached 44% subscription by September 18, 2026, with a reported GMP suggesting an 8% listing gain.
- Brokerages are recommending subscriptions for the NSE IPO, highlighting its market position but advising caution on valuation and regulatory concerns.
- On September 17, 2026, brokerages asked SEBI to limit MDR for capital market transactions to 2 basis points for economic viability.

- NSE IPO Day 2: Issue subcribed 43% so far. GMP hints 8% listing pop. Check review, key dates. Should you apply or skip?
- NSE IPO Day 2: GMP at 8%, subscription reaches 44% — Should you apply?
- ETSA winner Theranautilus heads to human trials; JSW One’s IPO plans
- Top stocks to buy today: Stock market recommendations for September 18, 2026 - check list
- Brokerages seek MDR for capital market transactions to be limited to 2 basis points

### What Changed

Angel One Limited's recent filings on September 17, 2026, indicate the company has set record dates for the maturity of two commercial papers, with maturities scheduled for October 22, 2026, and October 28, 2026. Separately, news reports from September 18, 2026, discuss the National Stock Exchange (NSE) IPO, noting subscription levels and grey market premiums, with some brokerage firms recommending subscriptions while acknowledging regulatory concerns. Brokerages are also seeking to limit market development rates (MDR) for capital market transactions to 2 basis points. In terms of price action, Angel One's stock closed at ₹299.1 on September 18, 2026, a slight increase from its previous close of ₹295.0.

- Angel One Limited has fixed record dates of October 21, 2026, and October 27, 2026, for the maturity of two commercial papers, as per a filing dated September 17, 2026.
- News on September 18, 2026, highlights ongoing discussions around the NSE IPO, including subscription rates and brokerage recommendations.
- Brokerages have requested SEBI to limit MDR on capital market transactions to 2 basis points, as reported on September 18, 2026.
- Angel One's stock price increased to ₹299.1 on September 18, 2026, from ₹295.0 on the previous trading day.

- NSE IPO Day 2: Issue subcribed 43% so far. GMP hints 8% listing pop. Check review, key dates. Should you apply or skip?
- NSE IPO Day 2: GMP at 8%, subscription reaches 44% — Should you apply?
- ETSA winner Theranautilus heads to human trials; JSW One’s IPO plans
- Top stocks to buy today: Stock market recommendations for September 18, 2026 - check list
- Brokerages seek MDR for capital market transactions to be limited to 2 basis points
- Record Date Updates |SUBJECT: Record Date Updates

### Official Filings

Angel One Limited has confirmed the redemption of several commercial papers throughout September 2026. On September 16, 2026, the company redeemed a commercial paper worth ₹350 crore. Earlier, on September 8, 2026, a commercial paper valued at ₹300 crore was redeemed, and on September 7, 2026, another commercial paper amounting to ₹500 crore was redeemed. Additionally, on September 3, 2026, the company redeemed commercial papers totaling ₹500 crore. These redemptions indicate the company is meeting its short-term debt obligations. Looking ahead, Angel One Limited has set record dates for the maturity of two additional commercial papers: October 21, 2026, for one maturing on October 22, 2026, and October 27, 2026, for another maturing on October 28, 2026. The company also participated in investor and analyst meetings, including the UBS India Summit on September 10, 2026, and the JP Morgan India Financials Tour on September 23, 2026, where discussions were based on publicly available information and a previously issued investor presentation.

- On September 16, 2026, Angel One Limited redeemed commercial paper worth ₹350 crore.
- On September 8, 2026, the company redeemed commercial paper valued at ₹300 crore.
- On September 7, 2026, Angel One Limited redeemed commercial paper for ₹500 crore.
- On September 3, 2026, the company redeemed commercial papers totaling ₹500 crore.
- Record dates for two upcoming commercial paper maturities were set for October 21, 2026, and October 27, 2026.
- Company officials participated in investor meetings on September 10, 2026, and September 23, 2026.

- Record Date Updates |SUBJECT: Record Date Updates
- Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal
- Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal
- Angel One Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- ANGEL ONE LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
- Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal
- Angel One Limited has informed the Exchange regarding Monthly Business Updates for the month of August 2026 |SUBJECT: Monthly Business Updates
- Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal

### Fundamentals

Angel One's recent operating performance shows a mixed trajectory across different periods. For the fiscal year ending March 2024, the company reported a Sales of ₹4,272 crore and an Operating Profit of ₹1,693 crore, with an Operating Profit Margin (OPM) of 40.0%. Net Profit stood at ₹1,126 crore, and Earnings Per Share (EPS) was ₹13.40. Looking ahead, projections for the fiscal year ending March 2026 indicate Sales of ₹5,138 crore and an Operating Profit of ₹1,820 crore, with a projected OPM of 35.0%. The Net Profit is estimated at ₹915 crore, and EPS at ₹10.05.

Examining quarterly results, for Q3 FY2025-26, Revenue from Operations was ₹1,334.90 crore, with an Operating Profit of ₹275.00 crore and an OPM of 24.0%. Profit Before Tax was ₹373.54 crore, and Net Profit was ₹164.00 crore. For Q4 FY2025-26, Revenue from Operations increased to ₹1,459.42 crore, with Operating Profit at ₹485.00 crore and OPM at 34.0%. Profit Before Tax rose to ₹439.91 crore, and Net Profit to ₹231.00 crore.

Financially, Borrowings have shown a significant increase, rising from ₹788 crore in March 2023 to ₹2,541 crore in March 2024, and projected to reach ₹7,951 crore by March 2026. Equity Capital has grown more modestly, from ₹84 crore in March 2024 to a projected ₹91 crore by March 2026. The company's Cash Flow from Operations has been negative in recent projected periods, with -₹330 crore in March 2024, -₹1,860 crore in March 2025, and -₹4,142 crore in March 2026. Free Cash Flow also shows a negative trend in these projected periods.

Key monitoring areas include the increasing trend in borrowings and the negative cash flow from operations, which could impact financial flexibility. The projected decline in OPM from 40.0% in FY2024 to 35.0% in FY2026 warrants attention, as does the projected decrease in Net Profit and EPS for FY2026 compared to FY2024.

- For the fiscal year ending March 2024, Angel One reported Sales of ₹4,272 crore, Operating Profit of ₹1,693 crore (40.0% OPM), and Net Profit of ₹1,126 crore.
- Projected figures for the fiscal year ending March 2026 include Sales of ₹5,138 crore, Operating Profit of ₹1,820 crore (35.0% OPM), and Net Profit of ₹915 crore.
- Quarterly results for Q3 FY2025-26 showed Revenue from Operations of ₹1,334.90 crore and Net Profit of ₹164.00 crore, while Q4 FY2025-26 reported Revenue from Operations of ₹1,459.42 crore and Net Profit of ₹231.00 crore.
- Borrowings increased from ₹788 crore in March 2023 to ₹2,541 crore in March 2024, with projections reaching ₹7,951 crore by March 2026.
- Cash Flow from Operations turned negative in projected periods, standing at -₹330 crore for March 2024 and projected to be -₹4,142 crore for March 2026.

### Bull Case

Angel One's financial performance shows a mixed but constructive trend. Over the five years leading up to the TTM period, the company achieved a compounded profit growth of 25% and a compounded sales growth of 32%. While TTM growth rates moderated to 4% for profit and 9% for sales, the company has demonstrated an increase in reserves from ₹459 crore in March 2019 to ₹519 crore in March 2020. Operating cash flow has remained robust, with ₹378.0 crore in March 2020 compared to ₹364.0 crore in March 2019. Free cash flow also remained positive, at ₹631.0 crore in March 2020. Technically, the stock exhibits a bullish trend on daily, weekly, and monthly timeframes, supported by Supertrend indicators and positive moving average slopes on longer timeframes.

- Compounded profit growth was 25% over 5 years and compounded sales growth was 32% over 5 years.
- Reserves increased from ₹459 crore in March 2019 to ₹519 crore in March 2020.
- Cash Flow from Operations (CFO/OP) was ₹378.0 crore in March 2020, up from ₹364.0 crore in March 2019.
- The stock shows a bullish Supertrend direction on daily, weekly, and monthly charts as of September 18, 2026.

- NSE IPO Day 2: Issue subcribed 43% so far. GMP hints 8% listing pop. Check review, key dates. Should you apply or skip?
- NSE IPO Day 2: GMP at 8%, subscription reaches 44% — Should you apply?
- ETSA winner Theranautilus heads to human trials; JSW One’s IPO plans
- Top stocks to buy today: Stock market recommendations for September 18, 2026 - check list
- Brokerages seek MDR for capital market transactions to be limited to 2 basis points

### Bear Case

Angel One's financial performance shows a mixed picture. While compounded sales growth over five years was 32%, the growth rate slowed to 9% on a trailing twelve months (TTM) basis. Similarly, compounded profit growth over five years stood at 25%, but TTM profit growth was only 4%. The company's cash flow from operating activities decreased to ₹643.0 crore in March 2020 from ₹689.0 crore in March 2019. Free cash flow also saw a reduction, falling to ₹631.0 crore from ₹678.0 crore over the same period. Additionally, cash from financing activities was a net outflow of ₹449.0 crore in March 2020, compared to an outflow of ₹361.0 crore in March 2019. The company's total liabilities increased to ₹2190 crore in March 2020 from ₹2209 crore in March 2019, while its total assets saw a slight decrease from ₹2209 crore to ₹2190 crore. Investments increased from ₹15 crore to ₹35 crore between March 2019 and March 2020.

- Compounded sales growth slowed to 9% on a TTM basis from 32% over 5 years.
- Compounded profit growth slowed to 4% on a TTM basis from 25% over 5 years.
- Cash from operating activities decreased to ₹643.0 crore in March 2020 from ₹689.0 crore in March 2019.
- Free cash flow decreased to ₹631.0 crore in March 2020 from ₹678.0 crore in March 2019.
- Cash outflow from financing activities increased to ₹449.0 crore in March 2020 from ₹361.0 crore in March 2019.

- NSE IPO Day 2: Issue subcribed 43% so far. GMP hints 8% listing pop. Check review, key dates. Should you apply or skip?
- NSE IPO Day 2: GMP at 8%, subscription reaches 44% — Should you apply?
- ETSA winner Theranautilus heads to human trials; JSW One’s IPO plans
- Top stocks to buy today: Stock market recommendations for September 18, 2026 - check list
- Brokerages seek MDR for capital market transactions to be limited to 2 basis points

### FAQs

**How has Angel One's balance sheet composition changed between March 2019 and March 2020?**

Between March 2019 and March 2020, Angel One's balance sheet saw a significant reduction in borrowings from ₹872 crore to ₹491 crore. Concurrently, investments increased from ₹15 crore to ₹35 crore. Other liabilities also rose from ₹805 crore to ₹1,108 crore, while fixed assets decreased from ₹134 crore to ₹124 crore. Total assets and total liabilities saw a slight decrease, from ₹2,209 crore to ₹2,190 crore.

**What has been the trend in Angel One's cash flow from operations and free cash flow over the last two fiscal years?**

Angel One's cash flow from operating activities decreased from ₹689 crore in the year ended March 2019 to ₹643 crore in the year ended March 2020. Similarly, free cash flow declined from ₹678 crore to ₹631 crore over the same period. Cash from financing activities also became more negative, moving from -₹361 crore to -₹449 crore.

**What are the recent announcements regarding Angel One's commercial paper redemptions and record dates?**

Angel One Limited has recently confirmed the redemption of commercial papers. On September 16, 2026, a commercial paper (ISIN INE732I14DM5) worth ₹350 crore was redeemed upon maturity. Another commercial paper (ISIN INE732I14CK1) for ₹300 crore was redeemed on September 8, 2026. The company also announced record dates for the maturity of two other commercial papers: October 21, 2026, for ISIN INE732I14DG7, and October 27, 2026, for ISIN INE732I14DQ6.

**What is the recent technical trend and support/resistance levels for Angel One as of September 18, 2026?**

As of September 18, 2026, Angel One's daily trend indicators suggest a bullish sentiment with the Supertrend at 275.21 and a bullish direction. The closing price was ₹299.1, with the 20-day Exponential Moving Average (EMA) at ₹296.12 and the 50-day Simple Moving Average (SMA) at ₹301.9. Key resistance levels are observed around ₹300.83 and ₹303.72, while support is noted near ₹297.92 and ₹295.03.

- NSE IPO Day 2: Issue subcribed 43% so far. GMP hints 8% listing pop. Check review, key dates. Should you apply or skip?
- NSE IPO Day 2: GMP at 8%, subscription reaches 44% — Should you apply?
- ETSA winner Theranautilus heads to human trials; JSW One’s IPO plans
- Top stocks to buy today: Stock market recommendations for September 18, 2026 - check list
- Brokerages seek MDR for capital market transactions to be limited to 2 basis points
- Record Date Updates |SUBJECT: Record Date Updates
- Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal
- Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal
- Angel One Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
## Technical analytics

- As of: 2026-09-18
- Daily trend: Weak Uptrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹295.03
- Risk regime: Price Risk Requires Attention

### Support levels
- 275.775
- 232.07
- 227.063125

### Resistance levels
- 304.63750000000005
- 309.76375
- 321.54999999999995

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +1.39% |
| return_10 | +4.58% |
| return_1m | +2.52% |
| return_1y | +32.02% |
| return_20 | +3.32% |
| return_3m | -15.22% |
| return_5 | +0.61% |
| return_6m | +26.62% |
| return_since_start | -0.88% |
| return_ytd | +26.59% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -35.26% |
| annualized_volatility | +42.83% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Profit declines sequentially as costs rise, despite continued growth in interest income

Angel One’s first quarter of FY2026-27 saw revenue edge lower while expenses increased, leading to a significant drop in profit compared to the previous quarter. Compared to the same quarter last year, however, both revenue and profit have grown substantially, reflecting the business’s expansion over the past twelve months.

## Revenue

Revenue from operations was ₹1,429.69 crore, down 2.0% from ₹1,459.42 crore in Q4 FY2025-26 but up 25.4% from ₹1,140.53 crore a year ago. The composition of revenue from operations in the quarter was:

- **Fees and commission income**: ₹957.52 crore, the largest component at 67% of revenue from operations.
- **Interest earned**: ₹466.87 crore, up 2.6% sequentially and 31.0% year-on-year.
- **Net gain on fair value changes**: ₹5.30 crore, a small contributor.

Other income fell sharply to ₹4.03 crore from ₹7.82 crore in the prior quarter, a decline of 48.5%, but remained above the ₹2.56 crore recorded a year earlier.

## Expenses

Total expenses (revenue from operations plus other income minus profit before tax) rose to ₹1,109.05 crore from ₹1,027.33 crore in Q4, an increase of 8.0%. This growth outpaced the slight revenue decline and was the primary reason for the profit drop.

- **Other expenses** were the main driver, rising 13.9% sequentially to ₹472.57 crore (from ₹414.94 crore) and 11.6% year-on-year.
- **Employee benefit expense** was ₹268.62 crore for the quarter.
- **Finance costs** decreased 3.3% from ₹133.58 crore to ₹129.18 crore, though they remain 55.9% higher than a year ago.

## Profitability

Profit before tax fell 26.2% sequentially to ₹324.67 crore, but nearly doubled (up 97.5%) from ₹164.44 crore in Q1 FY2025-26. Net profit declined 27.7% to ₹231.40 crore from ₹320.24 crore in Q4, while more than doubling year-on-year (up 102.2%).

The effective tax rate was 28.7% (tax expense of ₹93.27 crore on profit before tax of ₹324.67 crore), slightly higher than the 27.2% rate in the prior quarter.

## Earnings Per Share

Basic earnings per share was ₹2.54, down from ₹3.52 in Q4, consistent with the net profit decline. The face value of equity shares was split from ₹10 to ₹1 in Q4 FY2025-26, increasing the number of shares tenfold. As a result, year-on-year EPS comparisons (₹12.66 in Q1 FY2025-26) are not directly comparable.

## Management Commentary

Management reported that the business continued to demonstrate healthy underlying momentum in July 2026, driven by sustained strength in the average client funding book, which reached a new record high. Overall equity market share improved sequentially, supported by gains across both cash and F&O segments, reflecting ongoing progress in the broking business. However, commodities market share moderated partly due to a shift in industry product mix. Average daily orders declined in the context of softer market conditions, but user engagement remained resilient, with SIP registrations rising to a five-month high.

## Key Takeaway

The quarter reflects a sequential moderation from a strong Q4. Revenue from operations dipped slightly, while interest income continued to grow. The more significant development was a sharp rise in other expenses, which pushed total costs up faster than revenue and compressed profit. On a year-over-year basis, both revenue and profit have grown substantially, indicating the business is larger than a year ago. The sequential profit decline highlights the sensitivity of earnings to cost movements.

### Ratios

## Official filings

- 2026-09-17 — Generic Announcement: Angel One Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/ANGEL8896_17092026170644_Recorddate_17092026.pdf)
- 2026-09-16 — Generic Announcement: Angel One Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/ANGEL8896_16092026175645_paymentconfirmation08092026.pdf)
- 2026-09-08 — Generic Announcement: Angel One Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/ANGEL8896_08092026154812_paymentconfirmation08092026.pdf)
- 2026-09-07 — Generic Announcement: Angel One Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ANGEL8896_07092026123313_Intimation.pdf)
- 2026-09-07 — Generic Announcement: Angel One Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ANGEL8896_07092026123245_Intimation.pdf)
- 2026-09-07 — Generic Announcement: Angel One Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_18748_WebXMLFile_20260907_155645224.xml)
- 2026-09-07 — Generic Announcement: Angel One Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_18748_WebXMLFile_20260907_155834934.xml)
- 2026-09-07 — Generic Announcement: Angel One Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/ANGEL8896_07092026173103_paymentconfirmation07092026.pdf)
- 2026-09-04 — Generic Announcement: Angel One Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ANGEL8896_04092026073149_September042026__Intimation_of_Business_Update.pdf)
- 2026-09-03 — Generic Announcement: Angel One Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/ANGEL8896_03092026180313_paymentconfirmation03092026.pdf)
- 2026-09-02 — Generic Announcement: Angel One Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_18748_WebXMLFile_20260902_195730295.xml)
- 2026-09-02 — Generic Announcement: Angel One Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_18748_WebXMLFile_20260902_195639129.xml)
- 2026-09-02 — Generic Announcement: Angel One Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_18748_WebXMLFile_20260902_195614548.xml)
- 2026-09-02 — Generic Announcement: Angel One Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ANGEL8896_02092026195319_02092026-Intimation_of_grants.pdf)
- 2026-08-31 — Generic Announcement: Angel One Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CTL_31082026161430_SCC_ANGEL_MAR26.pdf)
- 2026-08-31 — Generic Announcement: Angel One Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CTL_31082026191952_SCC_ANGEL_ONE_JUNE26.pdf)
- 2026-08-28 — Generic Announcement: Angel One Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_18748_WebXMLFile_20260828_130544470.xml)
- 2026-08-28 — Generic Announcement: Angel One Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ANGEL8896_28082026130354_August282026intimationofallotment.pdf)
- 2026-08-28 — Generic Announcement: Angel One Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/ANGEL8896_28082026155247_paymentconfirmation28082026.pdf)
- 2026-08-25 — Generic Announcement: Angel One Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/ANGEL8896_25082026143808_Intimation_of_Payment_of_interest.pdf)
- 2026-08-25 — Generic Announcement: Angel One Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/ANGEL8896_25082026173308_paymentconfirmation25082026.pdf)
- 2026-08-12 — Generic Announcement: Angel One Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/ANGEL8896_12082026170743_Recorddate_12082026.pdf)
- 2026-08-10 — Generic Announcement: Angel One Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/ANGEL8896_10082026123819_Recorddate10082026.pdf)
- 2026-08-07 — Generic Announcement: Angel One Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ANGEL8896_07082026130333_August07_2026_Intimation_of_investor_meeting.pdf)

## News and market events

- 2026-09-18 — The Hindu: **D2C brands, brokers flag concerns over proposed UPI MDR** — D2C brands and brokers express concerns over proposed UPI MDR, fearing significant impacts on margins during the festive sales season. — [Source](https://www.thehindubusinessline.com/companies/d2c-brands-brokers-flag-concerns-over-proposed-upi-mdr/article71481257.ece)
- 2026-09-18 — BUSINESS: **Margin trading book hits record ₹1.49 trn, cushions brokers amid slump** — MTF books at Angel One and Groww have grown strongly, providing brokerages an offset as overall trading volumes remain below the highs recorded in the June quarter — [Source](https://www.business-standard.com/markets/news/margin-trading-book-hits-record-1-49-trn-cushions-brokers-amid-slump-126091801110_1.html)
- 2026-09-18 — Mint: **NSE IPO Day 2: Issue subcribed 43% so far. GMP hints 8% listing pop. Check review, key dates. Should you apply or skip?** — The NSE IPO launched with 43% subscription on its opening day, priced at  ₹1,700– ₹1,785. Analysts see growth potential alongside regulatory challenges, with a focus on long-term market participation. The offering has been scaled down to represent 5.1% of total equity. — [Source](https://www.livemint.com/market/ipo/nse-ipo-day-2-issue-subcribed-43-so-far-gmp-hints-8-listing-pop-check-review-key-dates-should-you-apply-or-skip-11789697288461.html)
- 2026-09-18 — Economic Times: **NSE IPO Day 2: GMP at 8%, subscription reaches 44% — Should you apply?** — As the National Stock Exchange IPO enters its second day of bidding, it has shown stable investor engagement. Observations in the grey market reveal optimistic listing gain predictions. Brokerage firms are largely recommending subscriptions, emphasizing the NSE's robust market position. Nevertheless, investors need to weigh valuation and regulatory concerns when contemplating this opportunity. — [Source](https://economictimes.indiatimes.com/markets/ipos/fpos/nse-ipo-day-2-gmp-at-8-subscription-reaches-44-should-you-apply/articleshow/134323874.cms)
- 2026-09-18 — Economic Times: **ETSA winner Theranautilus heads to human trials; JSW One’s IPO plans** — Happy Friday! Theranautilus is set to begin human trials of its nanorobot-based dental tech soon. This and more in todays ETtech Morning Dispatch. — [Source](https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/etsa-winner-theranautilus-heads-to-human-trials-jsw-ones-ipo-plans/articleshow/134323776.cms)
- 2026-09-18 — Times of India: **Top stocks to buy today: Stock market recommendations for September 18, 2026 - check list** — India Business News: Stock market recommendations: Apar Industries, BEML, and Aegis Vopak Terminals - these are the top stocks to buy that have been picked by Hitesh Rathi. — [Source](https://timesofindia.indiatimes.com/business/india-business/top-stock-recommendations-for-september-18-2026-apar-industries-beml-aegis-vopak-terminals-stocks-to-buy-today/articleshow/134324366.cms)
- 2026-09-17 — The Hindu: **Brokerages seek MDR for capital market transactions to be limited to 2 basis points** — Brokerages request SEBI to limit MDR on capital market transactions to 2 basis points, arguing for better economic viability. — [Source](https://www.thehindubusinessline.com/markets/brokerages-seek-mdr-for-capital-market-transactions-to-be-limited-to-2-basis-points/article71477266.ece)
- 2026-09-17 — Economic Times: **UPI MDR worries new-age brokers; India's semiconductor ambitions** — Indias new MDR framework for UPI is raising concern among new-age stockbrokers, who are planning to take it up with Sebi. This and more in todays ETtech Top 5. — [Source](https://economictimes.indiatimes.com/tech/newsletters/tech-top-5/upi-mdr-worries-brokers-india-will-lead-in-chips-pm/articleshow/134313066.cms)
- 2026-09-17 — CNBC-TV18: **India’s highest-paid CEOs in FY26: Who took home the biggest pay packages** — Meet India’s highest-paid CEOs in FY26. From Persistent Systems' Sandeep Kalra crossing ₹388 crore to Angel One's Ambarish Kenghe posting a 10,000% spike, here are the 10 highest-paid business leaders in FY26 and their compensation packages. — [Source](https://www.cnbctv18.com/photos/business/indias-highest-paid-ceos-in-fy26-who-took-home-the-biggest-pay-packages-19993029.htm)
- 2026-09-17 — Economic Times: **New-age brokers Groww, Zerodha, others to write to Sebi on UPI MDR: Sources - The Economic Times** — The representation from brokers is likely to propose capping the charge at Rs 5 instead of Rs 300, raising the zero-MDR threshold from Rs 2,000 to Rs 20,000, and reconsidering the mandatory periodic settlement of unused client funds that has been a long-standing ask, they said. — [Source](https://economictimes.indiatimes.com/tech/technology/new-age-brokers-groww-zerodha-others-to-write-to-sebi-on-upi-mdr-sources/articleshow/134309182.cms)
- 2026-09-17 — Times of India: **NSE IPO opens for subscription: From GMP to market cap & global comparison - top 10 things to know** — India Business News: NSE IPO: The Initial Public Offering (IPO) of National Stock Exchange of India (NSE), the country’s largest stock exchange by total turnover across th. — [Source](https://timesofindia.indiatimes.com/business/india-business/nse-ipo-opens-for-subscription-from-gmp-to-market-cap-global-comparison-top-10-things-to-know/articleshow/134305003.cms)
- 2026-09-17 — News18: **NSE IPO Day 1: GMP Falls; Issue Gets 14% Subscription In First Hour; Should You Apply?** — NSE IPO GMP: At the upper IPO price of Rs 1,785, the current GMP points to indicative listing price of around Rs 1,925, implying a potential premium of 7.84% over the issue price. — [Source](https://www.news18.com/business/ipo/nse-ipo-day-1-check-subscription-status-gmp-today-10335513.html)
- 2026-09-17 — BUSINESSTODAY: **NSE IPO attractive, valuation offers a favourable entry point, says Angel One** — NSE IPO, NSE IPO news, NSE IPO bids, NSE IPO subscription, NSE news, NSE IPO price band, NSE IPO date — [Source](https://www.businesstoday.in/markets/stocks/story/nse-ipo-attractive-valuation-offers-a-favourable-entry-point-says-angel-one-556017-2026-09-17)
- 2026-09-17 — Mint: **NSE IPO GMP hints 7% listing pop on Day 1: Check key dates, subscription, review. Should you apply or not?** — The NSE IPO opens for subscription on 17 September and closes on 21 September, priced between  ₹1,700 and Rs1,785 per share. The listing is expected on 24 September, with a grey market premium of +145, though recent trends indicate declining interest. — [Source](https://www.livemint.com/market/ipo/nse-ipo-gmp-hints-7-listing-pop-on-day-1-check-key-dates-subscription-review-should-you-apply-or-not-11789611958597.html)
- 2026-09-16 — BUSINESSTODAY: **NSE IPO: 26 crore investor accounts and 3,000+ listed companies — 10 numbers to know** — NSE IPO, National Stock Exchange, NSE investors, NSE market share, NSE listing — [Source](https://www.businesstoday.in/markets/ipo-corner/story/nse-ipo-26-crore-investor-accounts-and-3000-listed-companies-10-numbers-to-know-555977-2026-09-17)
- 2026-09-15 — Economic Times: **Mutual funds, stocks UPI payments to attract 0.02% MDR under new NPCI framework** — New UPI rules will introduce a 0.02% merchant discount rate for capital market transactions. This special rate applies to mutual funds and investment platforms, capped at Rs 300. Standard person-to-merchant UPI payments above Rs 2,000 will attract a 0.4% charge. Other sectors like railways and telecom will see a flat Rs 5 fee. These changes aim to support UPI infrastructure and keep consumer payments free. — [Source](https://economictimes.indiatimes.com/industry/banking/finance/mutual-funds-stocks-upi-payments-to-attract-0-02-mdr-under-new-npci-framework/articleshow/134266396.cms)
- 2026-09-15 — Economic Times: **BSE, Groww, other broking stocks in focus as SEBI proposes changes to CAS. What does it mean for investors?** — BSE, Groww, Angel One and Motilal Oswal are in focus after Sebi proposed changes to the Closing Auction Session and expiry-day settlement methodology. Jefferies remains bearish on BSE but sees Groww as a better play on Indias equity market. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/bse-groww-other-broking-stocks-in-focus-as-sebi-proposes-changes-to-cas-what-does-it-mean-for-investors/articleshow/134251262.cms)
- 2026-09-15 — Economic Times: **Bourses and brokers may win from India’s proposed auction revamp** — India's securities regulator is considering revisions to the closing auction system, intending to enhance stability in end-of-day trading prices and curb market volatility. While stock exchanges and brokers are likely to reap benefits from these regulatory changes, market makers may encounter stricter constraints on their trading operations. The regulator is currently inviting feedback regarding these proposed adjustments. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/bourses-and-brokers-may-win-from-indias-proposed-auction-revamp/articleshow/134249897.cms)
- 2026-09-15 — Mint: **Bourses and Brokers May Win From India’s Proposed Auction Revamp** — Stock exchanges and brokers could be among the biggest beneficiaries of the Securities and Exchange Board of India’s proposed changes to the newly launched closing auction system that’s caused chaos, while market makers may face tighter constraints. — [Source](https://www.livemint.com/market/bourses-and-brokers-may-win-from-india-s-proposed-auction-revamp-11789435282807.html)
- 2026-09-14 — Economic Times: **ETMarkets Smart Talk | Retail traders lost ₹1.8 lakh crore in F&O: Can algo trading change the game? Rakesh Pujara explains** — More than 90% of individual F&O traders lost money between FY22 and FY24, with retail losses reaching around ₹1.8 lakh crore. With algorithmic trading now widespread, automation could help level the playing field by giving retail investors access to tools once largely available to institutions, says Rakesh Pujara of Compounding Wealth Advisors. — [Source](https://economictimes.indiatimes.com/markets/expert-view/etmarkets-smart-talk-retail-traders-lost-1-8-lakh-crore-in-fo-can-algo-trading-change-the-game-rakesh-pujara-explains/articleshow/134235178.cms)
- 2026-09-14 — CNBC-TV18: **Stocks to Watch for September 15: HDFC Bank, BSE, IT Stocks, Coforge, Tata Chemicals and more** — From HDFC Bank's succession plan to Tata Sons' potential listing and its impact on listed Tata Group stocks and the impact of SEBI's consultation paper on CAS on BSE, Angel One and other brokers, these are the stocks you should watch out for going into Tuesday's trading session. — [Source](https://www.cnbctv18.com/photos/market/stocks-to-watch-for-september-15-hdfc-bank-bse-angel-one-tata-group-infosys-tcs-raymond-share-price-19989980.htm)
- 2026-09-11 — CNBC-TV18: **Sensex ends in red, Nifty Bank rebounds over 900 points: 6 reasons behind today’s move** — The Sensex slipped 121 points to 74,782, while the Nifty fell 80 points to 23,398. The Nifty Bank ended 135 points higher at 56,607, while the Nifty Midcap index declined 160 points to 62,197. — [Source](https://www.cnbctv18.com/market/sensex-ends-in-red-nifty-bank-rebounds-over-900-points-6-reasons-behind-todays-move-19989425.htm)
- 2026-09-11 — Times of India: **Top stocks to buy today: Stock market recommendations for September 11, 2026 - check list** — img border="0" hspace="10" align="left" style="margin-top:3px;margin-right:5px;" src="https://timesofindia.indiatimes.com/photo/134046785.cms" /Stock market recommendations: Finolex Cables, Adani Ports, and Emmvee Photovoltaic Power are the top stocks to buy today on September 11, 2026, identified and recommended by Hitesh Rathi, Technical Analyst (Equity & Derivatives) at Angel One — [Source](https://timesofindia.indiatimes.com/business/india-business/top-stock-recommendations-for-september-11-2026-finolex-cables-adani-ports-emmvee-photovoltaic-power-stocks-to-buy-today/articleshow/134046785.cms)
- 2026-09-10 — Economic Times: **SME IPO jackpot or 50:50 gamble? 21 multibagger stocks mask a harsher reality** — This year's SME IPO market in India offers a varied landscape for investors. While twenty-one stocks emerged as multibaggers, numerous others significantly lagged behind. The median return for investors is a modest 3.9 percent, underscoring that impressive gains are largely attributable to a handful of standout performers. As such, careful stock selection is essential for those venturing into the SME IPO segment. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/sme-ipo-jackpot-or-5050-gamble-21-multibagger-stocks-mask-a-harsher-reality/articleshow/133994112.cms)
- 2026-09-10 — Economic Times: **India’s niche brokers see sharp rise in active trading users** — The landscape of Indian brokerage firms is changing as smaller platforms enjoy a boom in clientele, leaving larger firms in a state of flux. Experienced traders are gravitating toward these nimble, innovative platforms that emphasize robust trading capabilities rather than just competitive pricing. In contrast, giants such as Groww, Zerodha, and Angel One are seeing a notable decline in user growth. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/indias-niche-brokers-see-sharp-rise-in-active-trading-users/articleshow/133988937.cms)

## Business profile

**Strategic vision:** Digital-first investment platform for trading and financial products.

### Business segments
- **Stock, Commodity, and Currency Broking:** Core business offering clients the ability to trade across various financial markets.
- **Institutional Broking:** Services provided to institutional clients for their investment and trading needs.
- **Depository Services:** Facilitating the holding and transfer of securities for clients.
- **Margin Trading and Funding:** Providing clients with funding solutions to facilitate trading activities.
- **Third-Party Financial Product Distribution:** Distributing a range of financial products from other providers.
- **Wealth Management:** Offering wealth management solutions including portfolio advisory services.
- **Insurance Agency:** Acting as a corporate agent for insurance companies to distribute insurance products.

### Competitive strengths
- Digital-first platform with a comprehensive SuperApp
- Extensive network of membership across major Indian exchanges
- Focus on personalized financial journeys and user experience

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## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/angelone
Markdown representation: https://faxioms.com/stocks/angelone?render=md