ANGELONE

March 20 (Reuters) - Angel One Ltd ANGO.NS:

• INTERIM DIVIDEND OF 1.75 RUPEES PER SHARE

Source text: ID:nBSE3D0dXX

Further company coverage: ANGO.NS

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** Exchange operator BSE's shares BSEL.NS fall 3.1%, while Angel One ANGO.NS, Nuvama Wealth NUVA.NS, Nippon Life NIPF.NS and 360 One Wam ONEW.NS slide 1%-4.5%

** Drop follows comments from NSE's managing director and CEO Ashish Chauhan at a Thursday event that regulators and exchanges will keep tightening rules to curb excessive speculation in high-risk futures and options

** Chauhan said India could adopt minimum eligibility norms for derivatives, like Singapore and the U.S., using suitability checks and financial thresholds

** It's high time India put similar measures in place so the lower strata of society is not left bleeding money in derivatives, Chauhan said

** Earlier this month, the central bank proposed rule changes that prohibit banks from lending for proprietary trading, while the government raised transaction taxes on derivatives in the union budget on Feb 1

** India's markets regulator has also rolled out multiple steps recently to cool the explosive growth in equity derivatives, where 90% of retail investors incur losses, according to an official study

(Reporting by Bharath Rajeswaran in Bengaluru)

((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))

Feb 16 (Reuters) - Shares of Indian bourse BSE BSEL.NS and brokerages dropped between 2% and 9.5% on Monday, after the country's central bank tightened norms for bank lending to stock brokers and other market intermediaries.

On Friday, the Reserve Bank of India issued revised norms on banks' lending to capital market participants, including higher collateral requirements for bank guarantees and a ban on lending for proprietary trading by brokers.

Jefferies said it sees BSE most affected by the new regulations on proprietary trading, which could result in a 10% earnings impact on the exchange operator.

(Reporting by Nandan Mandayam in Bengaluru; Editing by Rashmi Aich)

((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))

Feb 4 (Reuters) - Angel One Ltd ANGO.NS:

• JAN NUMBER OF ORDERS UP 16.4% YOY

Source text: ID:nNSEG6mQt

Further company coverage: ANGO.NS

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Feb 3 (Reuters) - Angel One Ltd ANGO.NS:

• ANGEL ONE LTD - TO RAISE 500 MILLION RUPEES VIA NCDS

Source text: ID:nBSE3byD40

Further company coverage: ANGO.NS

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** Shares of Indian stock brokers and BSE fall up to 10%

** In federal budget, Indian Finance Minister announced proposal for higher securities transaction tax on future trading

** Angel One ANGO.NS and Stock exchange BSE BSEL.NS both down 10%, while Groww BILO.NS falls 8.5%

(Reporting by Urvi Dugar in Bengaluru)

((UrviManoj.Dugar@thomsonreuters.com;))

** Angel One ANGO.NS jumps 7% to 2,701 rupees

** Brokerage firm's Q3 consol profit drops 4.5% y/y, hurt by regulatory curbs on equity-derivatives to prevent speculative trading

** Profit after tax soars 27% q/q; Citi ("buy"; 3215 rupees) calls it "robust sequential trajectory"

** Notes credit disbursements in Q3 3% above H1 levels, showing strong uptick in loan distribution

** Stock rated "buy" on an avg; median PT is 2,835 rupees, per data compiled by LSEG

** ANGO lost 20% in 2025

(Reporting by Hritam Mukherjee in Bengaluru)

((Hritam.Mukherjee@thomsonreuters.com;))

Jan 15 (Reuters) - Angel One Ltd ANGO.NS:

• ANGEL ONE Q3 CONSOL PROFIT 2.69 BILLION RUPEES

• ANGEL ONE Q3 CONSOL TOTAL REVENUE FROM OPERATIONS 13.35 BILLION RUPEES

Further company coverage: ANGO.NS

((reuters.briefs@thomsonreuters.com;))

** Brokerage Citi starts coverage on Indian stock brokers Angel One ANGO.NS and Groww BILO.NS with a "Buy" rating

** Says prefer ANGO over BILO due to ANGO's brand re-positioning, steady business diversification, and benign valuations

** ANGO showed business agility by smoothly transitioning to a digital-first broking platform from a traditional one - Citi

** See earnings per share compounded annual growth rate of 26% over FY2026-29E for ANGO - note

** Sets PT for ANGO at 3215 rupees, BILO at 195 rupees

** ANGO shares up 2.5% to 2500 rupees; BILO down 0.62% to 161 rupees ahead of quarterly results

** Brokerage notes BILO's customer-centric approach, first mover advantage in direct MF, and leadership in retail broking, driving high brand recall

** Adds elevated cross-sell potential to a large captive customer pool, augers well for revenue accretion for BILO

** ANGO lost 20% in 2025, BILO up 61% from the issue price of 100 rupees since listing on Nov 12, 2025

(Reporting by Komal Salecha)

((Komal@thomsonreuters.com;))

Jan 8 (Reuters) - Angel One Ltd ANGO.NS:

• DEC NUMBER OF ORDERS UP 8.0% Y/Y

Source text: ID:nnAZN4RSBV2

Further company coverage: ANGO.NS

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Jan 7 (Reuters) - Angel One Ltd ANGO.NS:

• TO CONSIDER SPLIT OF SHARES

Source text: ID:nBSEb3sjGc

Further company coverage: ANGO.NS

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Nov 11 (Reuters) - Angel One Ltd ANGO.NS:

• INDIA MARKETS REGULATOR: IMPOSE 300,000 RUPEES PENALTY ON ANGEL ONE

Further company coverage: ANGO.NS

((reuters.briefs@thomsonreuters.com;))

Oct 15 (Reuters) - Indian brokerage Angel One ANGO.NS on Wednesday posted its third-straight quarterly profit decline, as last year's curbs on equity derivatives trading continued to limit participation of retail investors.

The company, which competes with startups such as Zerodha, Groww and Upstox, said its consolidated profit slumped 50% to 2.12 billion rupees ($24.08 million) for the three months ended September 30.

The Securities and Exchange Board of India in November last year raised the minimum contract value and limited weekly index options to one per exchange, making it more costly to trade in the asset class.

The move, aimed at curbing speculative retail trading in a segment where 90% of traders incur losses, hit trading volumes and revenue for brokers that rely heavily on derivatives turnover.

In October, Angel One said its gross client acquisition was down 41.9% and its total orders fell 26.3% in the second quarter.

SEBI said in August it is also considering extending equity derivatives contract tenures and limiting who can trade.

Since the curbs, Angel One has stepped up efforts to diversify into margin funding, wealth management, insurance, loan distribution and asset management.

Analysts had said the strategy could materially increase the company's non-broking revenue share over the next five to seven years, helping to reduce reliance on volatile derivatives income.

Its overall revenue during the quarter declined 20.7% to 12.02 billion rupees, Angel One said in an exchange filing.

Shares closed 1.7% higher ahead of results on Wednesday.

($1 = 88.0400 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru; Editing by Eileen Soreng and Sahal Muhammed)

((aleefjahan.cs@thomsonreuters.com))

** Angel One ANGO.NS rises as much as 3.2% to 2,271.6 rupees; set to gain for fourth straight session

** Brokerage's client base jumps 24% y/y in Q2; avg client funding book soars 36.4%

** More than 711,000 shares traded, nearly in line with 30-day moving avg of 975,413

** Stock rated "buy" on avg; median PT is 2,820 rupees, per data compiled by LSEG

** ANGO last up 2%, cutting YTD losses to ~25%

(Reporting by Meenakshi Maidas in Bengaluru)

((meenakshi.maidas@thomsonreuters.com;))

** Shares of BSE BSEL.NS fall 3.3% and Angel One ANGO.NS fall 4.1%

** India market regulator SEBI will float a consultation paper on ending weekly F&O contracts within a month, CNBC-TV18 reports citing sources

** SEBI plans transition to monthly expiries and may consider same-day expiry across all exchanges, report adds

** Regulator's board likely to be briefed on longer derivative tenures on September 12 and consultation with exchanges to start from next week, report says

** Year-to-date, BSEL up about 24% and Angel One down around 24%

(Reporting by Vijay Malkar)

((VijayDattaram.Malkar@thomsonreuters.com;))

Sept 4 (Reuters) - Angel One Ltd ANGO.NS:

• ANGEL ONE LTD - AUG ORDERS AT 109.86 MILLION

• ANGEL ONE LTD - AUG CLIENT BASE AT 33.57 MILLION

Source text: ID:nBSE719Ybx

Further company coverage: ANGO.NS

((reuters.briefs@thomsonreuters.com;))

Updates with comments from regulatory official; rewrites

By Jayshree P Upadhyay

Mumbai, Aug 21 (Reuters) - India's markets regulator is considering fresh steps to cool the country's booming equity derivatives markets as it looks to curb trading in a segment where more than 90% of traders suffer losses.

The steps could include longer maturity derivatives contracts to product suitability rules that limit retail investor participation in riskier segments of the market, regulatory officials said at an event on Thursday.

A surge in derivatives trading over the last few years, driven in part by retail investors, has prompted the Securities and Exchange Board of India (SEBI) to limit the number of contract expiries and increase lot sizes to make such trades more expensive.

To cool the market further, SEBI plans to increase the tenure of equity derivatives contracts, but the proposal is still at a conceptual stage, Chairman Tuhin Kanta Pandey said on the sidelines of the industry event.

SEBI is also "open to" objective and simple criteria to define investors who are considered suitable to trade in derivatives, Ananth Narayan, a whole-time member of SEBI, said at the same event.

The regulator has so far stayed away from limiting retail investor access through suitability rules as these are tough to implement.

A SEBI research paper released last month showed that individual traders made losses of 1 trillion rupees ($11.46 billion) by trading in futures and options, a 41% jump from the the previous year.

Shares of stock exchange operator BSE BSEL.NS and discount broker Angel One ANGO.NS slid 7.6% and 6.7%, respectively, on Thursday following the comments. Derivatives trading contributes more than 50% to BSE's revenue, and three-fourths to that of Angel One.

Separately, SEBI also set up a dedicated unit to examine patterns of manipulation, the regulator's whole-time member Kamlesh Varshney said at the event.

The move comes after SEBI had temporarily barred U.S.-based firm Jane Street for its trading strategies that "manipulated" a key stock market index. Jane Street has denied these allegations and said its trading strategies were simple arbitrage.

Pandey added that SEBI would work with India's corporate affairs ministry and stock exchanges to build a regulated platform for the so called "grey-market", where unlisted shares change hands.

($1 = 87.2480 Indian rupees)

(Reporting by Jayshree P Upadhyay in Mumbai, writing by Nandan Mandayam in Bengaluru; Editing by Rashmi Aich and Sonia Cheema)

((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))

** Nifty 50 .NSEI and Sensex .BSESN flat as drop in Reliance RELI.NS offsets post-results rally in Eternal ETEA.NS, gains in HDFC Bank HDBK.NS, ICICI Bank ICBK.NS

** Eleven of 13 major sectors decline; small-caps .NIFSMCP100 and mid-caps .NIFMDCP100 lose 0.2% and 0.4%, respectively

** Zomato-parent ETEA jumps 8.6% on Q1 revenue surge

** HDBK, ICBK up 0.4% and 0.8%, respectively, extending Monday's rise on strong Q1

** RELI down 1.2%, after Monday's 3.2% fall, on concerns over softness in oil-to-chemicals, retail businesses

** Markets seen range-bound in near term, with earnings offering direction as U.S. tariff deadline jitters keep investors on edge, two analysts say

** Exchange operator BSE BSEL.NS, brokers Nuvama Wealth NUVA.NS, Angel One ANGO.NS rise after SEBI lifts trading curbs on Jane Street

(Reporting by Bharath Rajeswaran in Bengaluru)

((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))

** Shares of Angel One Ltd ANGO.NS rise as much as 2.9% to 2,795 rupees

** Stock broker reported a 61% fall in Q1 profit to 1.14 bln rupees ($13.3 mln), while it fell 34.3% q/q

** Investec says Q1 rev q/q growth better than our estimates; expects credit distribution to see ramp-up in FY26

** Motilal Oswal says, in-line profit performance; stable market environment, introduction of brokerage for cash delivery orders resulted in 29% sequential growth in cash brokerage; however elevated employee expenses and increased IPL spends weighed on bottomline

** Y/Y rev decline on account of F&O regulations, weak market sentiments, true to label regulations - Investec

** ANGO last up 1.8%, cutting YTD losses to 7.3%

($1 = 85.8390 Indian rupees)

(Reporting by Meenakshi Maidas in Bengaluru)

((meenakshi.maidas@thomsonreuters.com;))

** India's exchange operator BSE BSEL.NS climbs 4.1%; Central Depository Services (India) CENA.NS up 1.8%

** Stock brokers Nuvama Wealth Management NUVA.NS and Angel One ANGO.NS gain 1.8% and 0.8%, respectively

** India's markets regulator said Jane Street has deposited 48.44 billion rupees into an escrow account, and requested lifting its trading restrictions

** It was not immediately clear when Jane Street might resume trading

** On July 3, regulator, SEBI, barred Jane Street from the domestic market for manipulating stock indices via derivatives

** Derivatives account for more than half of BSE's revenue, 77% of Angel One's broking revenue; Nuvama is Jane Street's India trading partner

** YTD, BSE, NUVA up 39%, ~8%, ANGO and CENA down ~8% and 2%

(Reporting by Manvi Pant in Bengaluru)

((Manvi.Pant@thomsonreuters.com; +918447554364;))

** India's BSE BSEL.NS and Angel One ANGO.NS down 6.5% each, Central Depository Services (India) CENA.NS sheds 2.4%

** Stocks extend losses after CNBC-TV18 reports SEBI may link options leverage to cash positions

** Stocks fell up to 4% ahead of news on concerns over regulatory measures on derivatives segment after Jane Street ban

** Derivatives account for more than half of BSE's revenue, 77% of Angel One's broking revenue

** Net losses of India's retail individual traders in equity derivatives segment widened by 41% to 1.06 trillion indian rupees ($12.37 billion) in FY25, SEBI said in a study on Monday

** "The underlying trend is worrisome because majority of retail traders continue to lose money. Either higher surveillance or some new measures can't be ruled out," says Pankaj Pandey, head of retail research at ICICI Securities

** YTD, BSEL up 40%, while ANGO down 10%

($1 = 85.7200 Indian rupees)

(Reporting by Vivek Kumar M)

((VivekKumar.M@thomsonreuters.com;))

Adds details, background from paragraph 2 onwards

July 2 (Reuters) - India's Max Financial Services MAXI.NS said on Wednesday that its unit, Axis Max Life Insurance, received communication about unauthorized access to some customer data from an anonymous sender.

The company has initiated a security assessment and data log analysis, Max Financial said.

"A detailed investigation is also underway in consultation with information security experts to assess the root cause of the incident and take remedial action, as necessary" the company said in a statement.

Axis Max Life Insurance is a joint venture between private lender Axis Bank AXBK.NS and Max Financial.

Indian firms such as Angel One ANGO.NS, Niva Bupa Health Insurance NIVA.NS and Star Health STAU.NS and HDFC Life Insurance HDFL.NS have reported high-profile security breaches in the past 10 months.

The incidents prompted the country's insurance regulator to direct industry-wide audits of IT systems.

Cyber fraud cases in India jumped more than four times in fiscal 2024, causing losses of $20 million, Reuters reported earlier this year.

Internal government data as of April 2024 showed that individuals lost nearly $1.26 billion to cyber fraud at financial institutions since 2021.

(Reporting by Manvi Pant; Editing by Shreya Biswas and Tasim Zahid)

((Manvi.Pant@thomsonreuters.com; +918447554364;))

** Angel One's shares ANGO.NS rise nearly 3% to 3,218 rupees

** Brokerage's client base jumps 34% y/y in May, avg client funding book surges 46%

** Analysts, on avg, rate stock "buy"; median PT 2,650 rupees - data compiled by LSEG

** YTD, stock up 10%

(Reporting by Hritam Mukherjee in Bengaluru)

((Hritam.Mukherjee@thomsonreuters.com;))

** Shares of Angel One ANGO.NS falls 4% to 2259 rupees

** Brokerage's Q4 profit falls Y/Y, hurt by tighter regulations in derivatives segment, weak equity markets

** Motilal Oswal says co has option to adjust pricing and take other steps to revive growth, restore margins to 45–50% over long term

** Adds newer businesses like loans, FDs, wealth, AMC may pick up in medium term

** Stock rated "buy" on avg; median PT is 2750 rupees - data compiled by LSEG

** Stock down 23% YTD

(Reporting by Aleef Jahan in Bengaluru)

((aleefjahan.cs@thomsonreuters.com))

April 16 (Reuters) - Angel One Ltd ANGO.NS:

• ANGEL ONE LTD - APPROVES FINAL DIVIDEND OF 26 RUPEES PER SHARE FOR FY 2024-25

Further company coverage: ANGO.NS

((Reuters.Briefs@thomsonreuters.com;))

** Angel One ANGO.NS slides as much as 7.6% to 2,275.55 rupees

** Stockbroker's Q4 gross client acquisition falls 43.9% Y/Y; number of orders drops 30.5% Y/Y

** Gross client acquisition for March down 43.6% Y/Y; number of orders dip 22.8% Y/Y

** Share price below 50-day, 100-day and 200-day exponential moving averages

** Stock rated "buy" on avg; median PT is 2,700 rupees, per data compiled by LSEG

** ANGO falls 22.3% YTD

(Reporting by Ashish Chandra in Bengaluru)

((ashish.chandra@thomsonreuters.com (+91 7982114624))

** Kotak Institutional Equities initiates coverage of stockbroker Angel One ANGO.NS with "buy" rating, citing strong execution track record

** ANGO rises as much as 4.4% to 2,457 rupees

** Kotak sets PT of 2,800 rupees, implying a nearly 19% upside to last close

** Recovery in retail activity to drive ~20% earnings CAGR over FY27-28 - Kotak

** However, brokerage assumes a weak FY26 for the co due to decline in orders given the overhang of F&O regulations

** Our long-term forecasts imply 11% earnings CAGR over the following 10 years - Kotak

** We assume active client base growth to continue, reaching ~9 mln clients by end of FY27 vs 7.5 mln currently - Kotak

** Stock down 16.5% YTD

(Reporting by Ashish Chandra in Bengaluru)

((ashish.chandra@thomsonreuters.com (+91 7982114624))

March 5 (Reuters) - Angel One Ltd ANGO.NS:

• APPOINTS AMBARISH KENGHE AS GROUP CEO

• AMBARISH KENGHE JOINS AS GROUP CEO EFFECTIVE MARCH 5, 2025

Source text: ID:nBSE9Sjlnh

Further company coverage: ANGO.NS

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Adds stock move, details from press statement, industry background

Feb 28 (Reuters) - Indian stock broker Angel One ANGO.NS on Friday said some of its Amazon Web Services (AWS) resources were compromised and that it has hired an external forensic partner to investigate the impact.

The company's shares, already pressured in a weak market, extended losses to as much as 4.7% after the news.

"We have verified that this breach does not have any impact on clients' securities, funds and credentials and all our client accounts remain secure," the company said in an exchange filing.

Angel One said it was notified of the breach by its dark-web monitoring partner and that it immediately changed all credentials of its AWS cloud and other applications.

It did not give further details on the breach, which is the latest to have hit Indian companies, especially insurers.

Niva Bupa Health Insurance NIVA.NS reported an incident last week, while HDFC Life Insurance HDFL.NS and Star Health STAU.NS were other high-profile targets that led the insurance regulator to direct industry-wide audits of IT systems.

More broadly, the Reserve Bank of India, also the country's financial regulator, said it would launch secure website domain names to curb phishing and other such digital threats.

(Reporting by Sethuraman NR; Editing by Savio D'Souza)

((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))

Feb 5 (Reuters) - Angel One Ltd ANGO.NS:

• ANGEL ONE - AVERAGE DAILY ORDERS IN JANUARY 2025 DOWN 27.6% Y/Y

Source text: ID:nBSEbGrfpp

Further company coverage: ANGO.NS

((Reuters.Briefs@thomsonreuters.com;;))