Angel One gave 120 percent return in 1 year.This stock has given a return of 670 percent in the last 3 years.This share has fallen by 20 per cent so far this year.
New Delhi. If you are thinking of making profits by investing in stocks, then you can keep an eye on a stock suggested by Motilal Oswal. This stock is Angel One Broking. Motilal Oswal has given a buy rating to this stock. The brokerage has expressed hope of a rise in the shares of Angel One and said that a strong rally of 56 percent can be seen in this stock. Its target price has been fixed at Rs 4200.
The current price of the company’s shares is Rs 2689. On Friday, the stock closed with a decline of 3.69 percent. The company’s market cap has crossed Rs 24174 crore. The 52-week high of Angel One’s shares is Rs 3900 and the low is Rs 1182.
Brokerage Opinion
The brokerage has said that Angel One’s net brokerage income has grown by 65 per cent. Total income from operations has increased by 65 per cent. Total operating expenses have increased by 114 per cent year-on-year and 26 per cent quarter-on-quarter. Profit after tax (PAT) has increased by 27 per cent year-on-year and 31 per cent quarter-on-quarter. Considering the growth in business after the inflow of funds, EPS estimates for FY 25/26 have been increased by 6 to 8 per cent.
quarterly results of the company
In the fourth quarter of the financial year ended March 31, 2024, Angel One earned a profit of Rs 340 crore, increasing its net profit by 27.3 percent on an annual basis. At the same time, it was about 31 percent more than the profit of Rs 267 crore in the third quarter of the last financial year. The company’s revenue has increased by 64.3 percent to Rs 1372 crore. Angel One’s EBITDA has increased by 37.2 percent. It has increased from Rs 386 crore a year ago to Rs 529 crore.
Performance of stocks
Angel One’s shares have gained 2.84 percent in 1 month. In the last 6 months, this stock has gone up by 20 percent. This year, the company’s shares have fallen by 20 percent. At the same time, this stock has risen 120 percent in the last one year. In three years, this stock has given a return of 670 percent to its investors. That is, during this period, the company’s shares have earned Rs 670 on an investment of Rs 100.
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FIRST PUBLISHED : April 21, 2024, 12:33 IST
