Angel One, Groww Shares Soar 9% on Robust Q3 Earnings, Strong Sequential Performance

• Angel One shares jumped over 8% to Rs 2,731.70 on NSE after reporting an 11% sequential revenue increase and 27% QoQ net profit rise to Rs 269 crore.
• Groww's parent company, Billionbrains Garage Ventures, saw its shares climb 9.4% to Rs 179.78 following strong Q3 results.
• Angel One's market share remained stable, with 9 out of 10 new clients from beyond Tier 1 cities, and F&O market share is expected to expand.
• Broking orders for Angel One grew 6% QoQ to 380 million, with revenue per order up 5% to Rs 16; EBITDA margin stood at 39%.
• Brokerages like Motilal Oswal, Jefferies, and Citi maintained 'Buy' ratings for Groww, citing strong expansion in margin trading and commodity segment performance.

Why It Matters: Angel One and Groww shares surged due to strong Q3 financial results and positive growth outlooks.