Angel One shares soar 4.2% on robust Q4 business updates; client size jumps to 37.3 million

Shares of Angel One, one of India’s top five stock brokers, jumped over 4% on Wednesday amid broader bullishness in the markets owing to de-escalation in the West Asia conflict. In addition, the shares are also in focus after robust business updates for March, Q4 and FY26.

The company witnessed strong growth across Q4 and FY26, with slightly muted growth in March. On a monthly basis, the total client base till March 2026 stood at 37.3 million, up by 1.3% vs February 2026. The gross client acquisition declined 10.7% MoM from 0.57 million to 0.50 million. In comparison to the previous year, the same month, the total client base increased from 31.2 million to 37.3 million, up 20% YoY.

On a quarterly basis, the client base jumped 4.7% QoQ from 35.7 million to 37.3 million. The client acquisition also jumped 4.4% at 1.82 million. However, muted market sentiment impacted the new MF SIP additions for the quarter. The total MF SIPs registered during the quarter dropped by 8.5% QoQ. The company maintained the cash turnover market share at 17.2% for the Q4FY26, marginally down from the Q4FY25 at 17.5% and significantly down from 18.3% sequentially. Conversely, the F&O segment market share jumped 22.2% for Q4FY26 vs 21.7% for the previous quarter and 21.4% for Q4FY25.

The company said, “Business momentum improved during the quarter, with average daily orders at a 17‑month high and above the FY25 average. Strong client activity supported market share gains, including in commodities, while a softer macro environment and geopolitical tensions led to some moderation in the client funding book and cash market share”.

Angel One shares have delivered strong outperformance over the benchmark NIFTY50 index as the share price jumped 15.5% in the last year vs 7.5% of NIFTY50. Similarly, on a YTD basis, the shares delivered 8.4% returns as compared to -5.3% for the NIFTY50. However, the shares are trading nearly 22% lower from the 52-week high levels touched in June 2025.