Capital market stocks witnessed significant gains on January 16, 2026, with Angel One leading the rally among peers after companies reported strong quarterly earnings. The brokerage firm emerged as one of the top gainers on the Nifty 500 index, surging as much as 8%, while other asset management companies including 360 ONE WAM, HDFC AMC, and Nippon Life India AMC gained between 3% to 7%.

The positive market response came after most of these companies released their December quarter results after market hours on Wednesday and following Thursday's holiday. Investors responded enthusiastically to the robust financial performance across the capital markets sector.

Angel One Delivers Strong Quarter

Angel One reported impressive financial metrics for the December quarter, demonstrating strong operational performance across key business segments.

The company maintained its market share in both equity and futures & options segments while expanding its client base. In a significant move for shareholders, Angel One's board approved an interim dividend of ₹23.00 per share and announced a stock split where each share of ₹10.00 will be divided into 10 shares of ₹1.00 each.

Asset Management Companies Show Robust Growth

360 ONE WAM Performance

360 ONE WAM demonstrated strong asset growth and improved operational metrics during the quarter.

The company's Annual Recurring Revenue showed better yields in the December quarter, rising by 6 basis points from the September quarter. However, EBITDA margins experienced some pressure due to a decline in other income.

ICICI Prudential AMC Debuts Strong

ICICI Prudential AMC reported its first quarterly results after listing, showcasing performance that outpaced industry growth.

The company's EBITDA margin expanded by 150 basis points, while its quarterly average AUM growth of 6.1% exceeded the industry growth rate of 5%. Additionally, Sankaran Naren received a two-year extension as Executive Director until June 30, 2028, subject to shareholder approval.

HDFC AMC Maintains Steady Performance

HDFC AMC, which had already gained 3% on Wednesday following its results announcement during market hours, continued its positive momentum.

The company's quarterly average AUM growth aligned with industry trends, while yields remained steady at 46.5 basis points, exceeding street expectations of a decline to 46.2 basis points.

Market Response and Trading Levels

The strong quarterly performance translated into significant stock price appreciation across the sector. Angel One shares were trading 7.5% higher at ₹2,714.00, while 360 ONE WAM gained 6% to ₹1,217.50. HDFC AMC shares advanced 5% to ₹2,683.20, reflecting investor confidence in the capital markets sector's growth trajectory and operational efficiency improvements.

Angel One Limited announced the approval of a significant stock split alongside its third quarter financial results. The Board of Directors approved the subdivision of equity shares in a 1:10 ratio, which will reduce the face value from ₹10 to ₹1 per share, making the stock more accessible to retail investors.

Stock Split Details

The Board approved a comprehensive stock split proposal designed to enhance market participation and liquidity. The restructuring will significantly impact the share structure:

The rationale behind the stock split is to make the company's equity shares more affordable and enhance liquidity for increased market participation, particularly among retail and individual investors. The record date for the stock split will be announced in due course, subject to requisite regulatory approvals.

Q3 Financial Performance

The company reported mixed financial results for the third quarter, demonstrating operational efficiency improvements despite challenges in net profitability:

Revenue from operations increased 6% year-on-year to ₹1,335 crores, while EBITDA grew 7% to ₹530 crores with margin expansion to 39.65%. However, consolidated net profit declined 4% to ₹269 crores, reflecting competitive pressures in the brokerage industry.

Interim Dividend Declaration

Alongside the stock split approval, the Board declared an interim dividend for shareholders:

The dividend will be paid to eligible shareholders whose names appear in the register of members or depository records as of the record date.

Strategic Impact

The stock split represents a strategic move to democratize share ownership and attract broader retail participation. Angel One continues to focus on expanding its market presence in the competitive stock broking sector through technology infrastructure investments and customer acquisition initiatives. All proposed corporate actions remain subject to requisite regulatory and shareholder approvals.