- The Angel One share price continues to recover as it aims to complete the double botton, boosted by its earnings results.
The Angel One share price story has been a rollercoaster in 2026. The stock’s performance shows a remarkable company response to the derivatives curb by pivoting into non-broking growth channels.
The Angel One share price is down 1.03% on the day, following a week of choppy upside moves that are more of a recovery from a previous slump than an uptrend. The company is still feeling the impact of the profit drop as curbs on derivative trading hit retail activity on its platforms, slowing gross client acquisition.
The derivatives contracts in question are futures and options contracts. Constrained F&O retail participation means brokerages must protect their revenue base by bolstering income-generating activities in other non-broking ventures.
How Did Angel One Handle the Derivatives Curbs?
To protect margins, Angel One Limited has had to implement the following product lines as a means of diversifying into non-broking activity:
- Margin and client funding
- Mutual funds + SIPs
- Wealth management/asset management
- Credit products
Highlights from the company’s latest fourth quarter earnings release (16 April 2026) indicate the following:
- Gross revenues: Gross revenues rose ₹13,377mn in Q3 to ₹14,672mn in Q4, representing a 9.7% increase QoQ.
- EBDAT came in at ₹4,728mn, up 16.7% QoQ.
- Profit After Tax (PAT) registered at ₹3,202mn, up 19.2% QoQ.
Various other metrics, such as the order book, total client base, and F&O market share, all surged. Orders rose 13.3% QoQ and 31.6% YoT, while the company’s futures and options trading market share rose 22.2% QoQ.
Now here is how the non-broking side of Angel One’s operations performed. Its Assets Under Management portolio came in at ₹100.8bn, showing a 22.7% uptick QoQ as the company’s client count registered at approximately 1,900 clients. Client funding book was stable quarter-on-quarter at ₹58.5bn. AMC AUM stood at ₹3.6bn, representing truly remarkable numbers for the company.
Angel One Share Price: Technical Outlook
The Angel One share price on the daily chart shows that price action registered a double bottom at 209.93, with pattern confirmation following a break of the neckline at 287.25. This has left room for the pattern to seek completion at 389.80, the prior high of 11 January 2024. However, this move must uncap the current barrier at 329.20 (9 June 2025 high) and the 350.95 high of 9 December 2024 to attain completion.
On the flip side, a rejection at the current barrier supports a pullback towards 287.25. If this pivot fails to halt the pullback move, a leg lower towards 249.83 cannot be ruled out in a move that temporarily negates the W pattern’s completion.