Buy Angel One, target price Rs 2700: IIFL Securities

IIFL Securities issued a buy call for Angel One on March 20, recommending the purchase of its shares at the current market price of Rs. 2,637.75. The brokerage firm has set a target price of Rs. 2,700 for Angel One, indicating a potential upside of approximately 2.4%. This buy call is based on the company's strong growth prospects, driven by its robust online trading platform and expanding customer base.

About Angel One:

Angel One, formerly known as Angel Broking, is a leading online stock broking firm in India. Founded in 1996, the company offers a wide range of financial products and services including stock broking, mutual funds, and other investment instruments. Angel One is a member of the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) and has a strong presence across India with over 2000 franchisee outlets. The company is known for its innovative trading platforms and customer-centric approach, making it a preferred choice for both retail and institutional investors.

52 Week Price Trend:

Angel One's stock has experienced significant fluctuations over the past year, with a 52-week high of Rs 3900.35 and a low of Rs 999. As of today, it is trading at Rs 2637.75, indicating a substantial decline from its peak. This volatility may be attributed to market conditions, industry trends, and company-specific factors. Investors should carefully consider the company's financial performance, growth prospects, and overall risk profile before making investment decisions.

Stratzy's MOST Analysis:

Based on Stratzy's MOST framework, ANGELONE has a rating of BB-, indicating that it faces medium fundamental risks. This rating is derived from an assessment of the company's management, outlook, safety, and trend. While the company may have some areas of concern, it is generally considered to have a stable financial position and growth potential.

Company's Fundamentals:

Angel One (NSE: ANGELONE) is a prominent financial services company in India. Its stock valuation is represented by the Stock PE ratio of 23.71, indicating the company's price-to-earnings ratio. The PB Ratio of 9.55 signifies the relationship between the company's market price and its book value. Moreover, the Dividend Yield of 1.34% provides insights into the percentage of cash dividends distributed to shareholders relative to the current market price. These financial metrics offer valuable information to investors for evaluating the company's financial performance and making informed investment decisions.

Fundamental and Technical information provided in this blog were last updated on 20 Mar, 2024

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