Buy Angel One, target price Rs 3300: Motilal Oswal

Motilal Oswal has buy call on Angel One Ltd. with a target price of Rs 3300. The current market price of Angel One Ltd. is Rs 2210.

Angel One Ltd., incorporated in the year 1996, is a Small Cap company (having a market cap of Rs 19942.35 Crore) operating in Financial Services sector.

Angel One Ltd. key Products/Revenue Segments include Fees & Commission Income, Interest and Income From Sale Of Share & Securities for the year ending 31-Mar-2023.



Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 1410.07 Crore, up 3.79 % from last quarter Total Income of Rs 1358.54 Crore and up 73.85 % from last year same quarter Total Income of Rs 811.10 Crore. Company reported net profit after tax of Rs 292.73 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 38.21 per cent stake in the company as of 31-Mar-2024, while FIIs owned 17.27 per cent, DIIs 9.49 per cent.