Buy Angel One, target price Rs 4200: Motilal Oswal

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.

By ETMarkets.com | Updated: Apr 19, 2024, 09.26 AM IST

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.

Motilal Oswal has buy call on Angel One Ltd. with a target price of Rs 4200. The current market price of Angel One Ltd. is Rs 2721.45.

Angel One Ltd., incorporated in the year 1996, is a Small Cap company (having a market cap of Rs 23461.81 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 31-03-2024, the company reported a Consolidated Total Income of Rs 1358.54 Crore, up 28.07 % from last quarter Total Income of Rs 1060.80 Crore and up 63.47 % from last year same quarter Total Income of Rs 831.08 Crore. Company reported net profit after tax of Rs 339.94 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.

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