If you are thinking of earning profits by investing money in shares, then you can keep an eye on a stock suggested by Motilal Oswal. The share is Angel One. Motilal Oswal has given a buy rating to this stock. According to reports, there is a rise in the shares of Angel One, and it is 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, this stock closed with a decline of 3.69 percent. The market cap of the company has crossed Rs 24174 crore.
Brokerage’s Opinion:
Brokerage has said that the net brokerage income of Angel One has increased by 65 percent. Total operating expenses have increased by 114 percent annually and 26 percent on a quarterly basis. Profit after tax (PAT) has increased by 27 percent on an annual basis and 31 percent on a quarterly basis. Taking into account the expansion in business following the arrival of funds, the EPS estimate for FY 25/26 has been raised by 6 to 8 percent.
Company’s quarterly results:
In the fourth quarter of the financial year ending March 31, 2024, Angel One increased its net profit by 27.3 percent on an annual basis and earned a profit of Rs 340 crore. Along with this, this is about 31 percent more than the profit of Rs 267 crore made 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 grown by 37.2 percent. It has increased from Rs 386 crore a year ago to Rs 529 crore.
Performance of shares:
Shares of Angel One have increased by 2.84 percent in one month. This stock has risen 20 percent in the previous six months. This year, the company’s shares have fallen by 20 percent. Along with this, the share has increased by 120 percent in the last year.
In three years, this stock has given a return of 670 percent to its investors. That means during this period, the shares of the company have earned Rs 670 on an investment of Rs 100.
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