Angel One shares surged 2% in early trade following the release of strong December and Q3FY26 business updates. The stock traded at ₹2,450.90 on the NSE at 10:57 am, hitting a high of ₹2,517.40 against the previous close of ₹2,470.60. The positive momentum comes ahead of the company's board meeting scheduled for January 15 to consider a stock split and interim dividend declaration.

December Performance Shows Strong Recovery

The brokerage firm demonstrated robust performance in December, with gross client acquisition reaching 0.68 million, marking a significant 35.3% month-on-month increase and 12.8% year-on-year growth. This represents a strong recovery from the previous month's decline. The client base expanded to 35.71 million in December, registering a 21% year-on-year growth and 1.8% month-on-month increase.

Q3FY26 Quarterly Performance

For the December quarter, Angel One's gross client acquisition increased to 1.75 million, up 0.5% sequentially, though down 16.3% year-on-year. Total orders in Q3FY26 stood at 380.07 million, showing a 5.4% quarter-on-quarter improvement but declining 9.9% year-on-year. The quarterly performance indicates stabilization in business metrics after earlier volatility.

Market Share Expansion Across Segments

The company strengthened its market position across key segments in December. Retail turnover market share reached 20.4%, increasing by 12 basis points month-on-month and 62 basis points year-on-year. The F&O market share expanded to 22%, up 51 basis points from the previous month and 39 basis points year-on-year. Cash turnover market share stood at 17.9% in December, declining 39 basis points from November but surging 56 basis points from the year-ago period.

Upcoming Board Meeting and Corporate Actions

The Board of Directors will meet on January 15 to consider the sub-division of equity shares with face value of ₹10.00 each, subject to regulatory and shareholder approvals. The board will also deliberate on declaring the first interim dividend for FY 2025-26, with the record date set for January 21. These corporate actions, combined with the improved December performance, have contributed to the positive investor sentiment and stock price appreciation.

Angel One Limited has officially announced the appointment of Ajit Sinha as General Counsel, effective January 2026. The appointment brings over 24 years of extensive experience in corporate law, financial services, capital markets, and banking to strengthen the company's legal and compliance framework.

Professional Background and Expertise

Sinha joins Angel One from the National Stock Exchange of India Limited (NSE), where he served as Vice President and Head of Corporate Legal team since December 2018. His comprehensive experience spans across multiple leadership roles in prominent financial institutions.

Key Responsibilities and Achievements

At NSE, Sinha led legal strategy, governance, and risk management across domestic and international entities. His notable achievements include supporting Board readiness for Digital Personal Data Protection Act (DPDPA) compliance, structuring mergers and acquisitions, and managing the group's global intellectual property portfolio across over 40 jurisdictions.

During his tenure at HSBC, he served as Vice President - Legal for Retail Banking and later as Senior Legal Counsel for Corporate Banking, advising on data protection matters and managing corporate litigations.

Strategic Leadership Statements

Amit Majumdar, Group Chief Strategy Officer, Angel One Limited, welcomed the appointment, stating: "At Angel One, governance, client protection, and regulatory discipline are foundational to how we operate. Ajit's experience across exchanges, banking, and capital markets will be invaluable as we scale our businesses and innovate responsibly within a strong regulatory framework."

Ajit Sinha commented on his appointment: "Angel One stands at the dynamic crossroads of cutting-edge technology, vibrant capital markets, and evolving regulations, empowering millions of investors through its pioneering digital platform. It is an immense privilege to join such a forward-thinking organization that prioritizes trust, transparency, and unwavering governance."

Strengthening Legal Framework

The appointment reinforces Angel One's commitment to robust governance and regulatory compliance as the company continues scaling its operations. With a client base of over 35 million, Sinha's expertise will support the company's digital-first solutions across broking, advisory, margin funding, wealth management, and distribution of third-party financial products.