Best Stocks to Buy Today : Stratzy's call on Angel One - December 11

On December 11th, Stratzy issued a buy call on Angel One at the current market price of Rs 3417.75. The brokerage firm believes that the stock has the potential to reach a target price of Rs 4300. This recommendation is based on the company's strong fundamentals and growth prospects. Angel One is a leading online stockbroker in India with a strong customer base and a wide range of products and services. The company has been consistently growing its revenue and profitability in recent years.

About Angel One:

Angel One, formerly known as Angel Broking, is a leading Indian financial services firm listed on the National Stock Exchange (NSE). Founded in 1987, the company offers a wide range of brokerage and financial products and services, including stock broking, commodity broking, currency trading, mutual funds, insurance, and loans. Angel One is known for its proprietary trading platform, ARQ, which provides advanced charting capabilities and technical analysis tools. The company has a large network of over 11,000 sub-brokers and authorized persons across India, serving over 5 million customers. Angel One is headquartered in Mumbai and has a presence in over 200 cities.

52 Week Price Trend:

Angel One Ltd. (formerly known as Angel Broking Ltd.), a leading retail broking house in India, is currently trading at Rs. 3417.75 per share. The stock has witnessed a significant correction from its 52-week high of Rs. 3900.35, but still remains above its 52-week low of Rs. 2025. This indicates that while the stock has faced some headwinds, it has also shown resilience amidst the market volatility. Investors may want to consider the company's fundamentals, growth prospects, and overall market conditions before making any investment decisions.

Stratzy's MOST Analysis:

ANGELONE has received a BB- rating from Stratzy's MOST framework, which evaluates companies based on Management, Outlook, Safety, and Trend. This rating indicates a medium level of fundamental risk. Specifically, the company's management has been assessed as having some experience and capability, while its outlook is considered to be somewhat positive. In terms of safety, the company's financial position is considered to be somewhat strong, and its trend is seen as improving. Overall, ANGELONE's MOST rating of BB- suggests that it has a medium level of fundamental risk, but that its management, outlook, safety, and trend are all within an acceptable range.

Company's Fundamentals:

Angel One (NSE:ANGELONE) is currently trading at a stock PE of 22.57, indicating that investors are willing to pay 22.57 times the company's earnings for each share. The PB Ratio of 5.62 means that the company's market value is 5.62 times its book value. This suggests that the market is valuing Angel One based on its future earning potential rather than its current assets. Finally, the Dividend Yield of 1.05% means that investors can expect to receive an annual dividend of 1.05% of the current share price.

Fundamental and Technical information provided in this blog were last updated on 11 Dec, 2024

Disclaimer: The information and recommendations presented in this section, including any attached reports, are sourced from third-party providers through diverse channels. The views and opinions expressed within these materials belong solely to their respective creators. These views and opinions do not necessarily reflect the position of Stratzy Fintech Pvt Ltd. Stratzy explicitly disclaims any guarantees, express or implied, regarding the accuracy and reliability of the provided content. We strongly advise consulting with a licensed financial advisor before making any investment decisions based on this information. Remember, seeking independent financial advice is crucial.