Business

Angel Broking shares up 20 pc on highest ever quarterly profit

Shares of Angel Broking surged 20 per cent on Tuesday after the company reported its highest ever net profit of Rs 74.6 crore in the July-September quarter.

migrator

Mumbai

The company reported a 55 per cent quarter-on-quarter growth in its net profit compared to Rs 48.3 crore recorded in April-June.

Around 2 p.m. its shares on the BSE were at Rs 298.35, higher by Rs 49.70 or 19.99 per cent from the previous close.

In a regulatory filing on Monday, Angel Broking said that its total income during the second quarter of the FY 2020-21 stood at Rs 317.9 crore, 29 per cent higher on a quarter on quarter basis.

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