Angel One share falls over 5% as company’s client growth drops 17% YoY in November

Angel One grabbed attention on December 1, 2025, when its share price fell more than 5% in early trade. The drop came right after the company reported a sharp slowdown in new client additions for November 2025. The YoY decline was almost 17%, and that number quickly raised concern in the market. Investors began asking one simple question: Why is one of India’s top brokerage platforms losing momentum?