Angel Broking shares up 20% 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.

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.